Web3Port Foundation and Movement Partner to Launch $10 Million Ecosystem Fund

BlockBeats news, on August 28, according to official news, the Web3Port Foundation announced a strategic partnership with Movement to jointly launch a $10 million ecological fund, which will be used to invest in native Movement DeFi, consumer and gaming applications. Specifically, the fund will give priority to use cases that can only be used in the Movement network, such as customized high-throughput chains, innovative DeFi yield strategies, and full-chain computing.

Through this cooperation, the two parties are ready to promote innovation and growth in several key areas: establish a $10 million ecological fund, strengthen early projects, ecosystem co-construction, accelerator cooperation, provide capital and market support, and participate in influential activities and offline activities.

It is introduced that Movement is a community-first blockchain that provides high TPS, instant finality, native zero-day large-scale liquidity access, and modular customization through Move. It supports Aptos Move and MEVM, enabling EVM users to use L2.