Movement Network Foundation launches public mainnet for Movement blockchain

Movement Labs is firing up its mainnet for blockchain apps including games.

Image Credit: Movement Labs

The Movement Network Foundation, the organization dedicated to fostering innovation and advancing the adoption of MoveVM technology, is firing up its mainnet for blockchain apps including games.

The group announced today the deployment of Movement Developer Mainnet, advancing its public mainnet journey. This phase continues the momentum from December’s initial mainnet release and establishes the foundation for Movement’s public mainnet beta, scheduled for launch in mid-February.

At the core of the effort is MoveVM, a new blockchain virtual machine that capitalizes on the Move programming language. This language’s resource-oriented programming paradigm treats digital assets as unique entities. That enhances transactional integrity and prevents duplication. MoveVM’s inception marks a significant shift towards a blockchain infrastructure that is not only secure but also inherently organized and efficient, the group has said. Web3 games are among the target apps for the tech.

Movement Labs is the underlying tech behind a network of Move-based blockchains. The flagship products are the Movement Network and the M1 shared sequencer. Movement is a community-first blockchain providing high transactions per second through Move. It supports Aptos Move, Sui Move, and an embedded EVM interpreter (MEVM), enabling Sui, Aptos, and EVM users to utilize the L2.

As part of this milestone, Movement Network Foundation also announced Cornucopia, a multi-asset liquidity campaign launching alongside public mainnet beta. This comprehensive liquidity program aims to accelerate ecosystem growth by providing the essential foundation for DeFi applications, enabling deeper market efficiency, and fostering increased protocol adoption from day one. 

Developed in partnership with Concrete XYZ and Veda Labs, the program will feature several specialized vaults: The BTC vault will feature Lombard, Lorenzo BTC, SolveBTC. The ETH vault will feature EtherFi and Renzo (ezETH). The $MOVE vault will feature Movement’s liquid staking protocols, Thunderhead, Movernance and Meridian. Anchoring the program is a $100M Ethena stable vault, demonstrating significant institutional commitment to Movement’s DeFi ecosystem. 

On December 9, 2024, Movement Network’s initial mainnet beta launched with limited functionality, including permissioned smart contracts and commemorative NFTs. It also allowed foundational components to begin deploying, including follower nodes and indexers.

Today, the Developer Mainnet enables ecosystem partners to begin deploying their protocols and apps on Movement’s network. From now through mid-February, development teams will systematically implement core infrastructure and test integrations, ensuring a robust environment for Public Mainnet Beta. In mid-February, more milestones for the tech will go live.

“The deployment of Movement Developer Mainnet and Cornucopia marks the beginning of a new era for blockchain development. By structuring our launch to include both technical infrastructure and day-one DeFi liquidity, we’re creating an ecosystem where developers can leverage Move’s robust security features while accessing Ethereum’s massive scale. This coordinated approach ensures we’re delivering immediate value for both developers and users,” said Cooper Scanlon, cofounder of Movement Labs, a company that is the developer of the Movement Network ecosystem, in a statement. The firm has raised $38 million.

Movement Network Foundation oversees the development of Movement Network, a Layer 2 solution built using MoveVM that settles to Ethereum.

Movement Labs has said it is powering a new generation of games so that game studios can build creatively on Movement.

Movement promises that its high throughput can power the most transaction-intensive games. Further, post confirmations ensure transactions can finalize quickly. It will also have low transaction fees, customization for games, scaling, security and efficiency. The games include a variety of titles in the works like Seekers Alliance, Playside, Cryptara Conquest and more.