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.