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- Movement Labs secures $100M in Series B funding, highlighting confidence in its blockchain scalability solutions.
- TONCASH expands its crypto cashback platform, gaining 200,000 users and partnering with brands like Apple and Adidas.
Movement Labs, a major blockchain company that specializes in scalable and interoperable solutions, is reaching the end of a huge $100 million Series B funding round. Reflecting increasing investor trust, this milestone funding project places the company with a $3 billion valuation, according to Fortune.
Leading crypto-focused investment company CoinFund leads the round alongside Brevan Howard’s Nova Fund, a digital asset division of the London-based investing giant.
Movement Labs: Driving Blockchain Innovation and Expanding Global Reach
The fund from this round is supposed to be carefully decentralized to numerous important regions. Emphasizing scalability and interoperability—critical for increasing blockchain usage worldwide—Movement Labs intends to grow its product offers.
The company aims to accelerate its research and development initiatives to maintain its technological leadership. This ambitious objective also includes increasing its market presence in both developed and developing areas, therefore guaranteeing that its solutions satisfy various needs over scattered networks.
This investment cycle shows not only investor trust in Movement Labs’ vision but also a more general awareness of blockchain technologies’ ability to revolutionize established sectors.
The company’s commitment to developing blockchain solutions has helped it to be a leader in the field and draw big support from financial behemoths. Movement Labs has not formally addressed this funding development, but after the deal is closed, further information is expected.
On the other hand, CNF revealed that TON Ventures had strategically funded another blockchain player, TONCASH. With this fund, the company intends to grow its crypto cashback system over other areas. Having teamed with big worldwide brands like Apple and Adidas, TONCASH has attracted an amazing 200,000 users since November 2024.
