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Blockchain Startup Movement Labs Eyes $3 Billion Valuation With $100 Million Funding

  • San Francisco-based blockchain startup Movement Labs is nearing the completion of a $100 million Series B funding round.
  • The funding round is co-led by CoinFund and Nova Fund, expected to close by end of January 2025.
  • Movement Labs focuses on developing a layer-2 blockchain integrating Ethereum with Facebook's Move programming language.
  • The funds will be used to enhance product offerings, expand presence in Asia-Pacific, and recruit additional talent.

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