According to BlockBeats, on September 25, according to official news, Movement Labs announced the launch of its accelerator “Move Collective”, which aims to cultivate and support promising projects in the Movement ecosystem and provide comprehensive support for projects at different stages of development. Projects that have recently benefited from Move Collective include:

Lync: Raised $1.5 million to build user-centric native mobile apps and games;

HelixLabs: $2 million in funding for its innovative cross-chain interoperability solution;

Nexio: Raised $2.2 million for Bitcoin parallel rollup;

Echelo: $3.5 million raised for their decentralized lending protocol;

Meridian: Raised $4 million to build a powerful and secure DeFi platform.

Move Collective aims to transform innovative ideas into successful blockchain applications by providing collaborators with a range of benefits, including funding opportunities, expert mentorship, strategic networks, and essential resources.

Earlier news said that Movement Labs and Web3Port Foundation jointly launched a $10 million ecological fund last month to invest in native Movement DeFi, consumer and gaming applications to support the development of the Movement ecosystem.

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