The Movement Network Foundation, an organization focused on fostering innovation and advancing the adoption of MoveVM technology, announced the successful launch of Movement Labs’ Movement Mainnet Beta and the Token Generation Event (TGE) of $MOVE. This marks a significant milestone for the first Move-based blockchain that settles to Ethereum.
The Mainnet Beta launch signifies the first phase of Movement’s production infrastructure, allowing infrastructure providers to deploy essential network components. The MoveDrop program will distribute up to 1 billion $MOVE tokens to the community, rewarding meaningful participation and technical contributions.
Unlike next-gen Layer 1 blockchains, Movement directly integrates with Ethereum, leveraging its network effects and security while expanding the pool of secure and innovative applications.
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