Movement Labs Announces ‘Move Collective’ Accelerator with $13.2M Funding for Blockchain Projects Including Bitcoin Parallelized Rollup

According to official news released on September 25 by COINOTAG, Movement Labs has formally introduced its accelerator program titled “Move Collective”. This initiative is designed to foster and support high-potential projects within the Movement ecosystem, delivering comprehensive assistance across various developmental phases. Among the recent beneficiaries are:

Lync, which has secured $1.5 million in funding aimed at the development of user-centric native mobile applications and games; HelixLabs with $2 million to enhance its revolutionary cross-chain interoperability solutions; Nexio, receiving $2.2 million to promote Bitcoin parallelized rollup; Echelo with $3.5 million to further their decentralized lending protocol; and Meridian, which amassed $4 million to construct a robust and secure DeFi platform.

Move Collective’s mission is to convert innovative concepts into successful blockchain applications through a comprehensive suite of benefits, including funding opportunities, expert mentorship, strategic connections, and indispensable resources. In addition, last month Movement Labs, along with the Web3Port Foundation, inaugurated a $10 million ecological fund to bolster native Movement DeFi, consumer applications, and gaming applications, thereby propelling the Movement ecosystem forward.