Ethereum

Boost

Future

Movement

<ul class="wp-block-list">
 <li>A $20M fund aims to accelerate Web3 startups using the Move language, focusing on DeFi, GameFi, and interoperability solutions.</li>  
 <li>Movement Labs, Gate Ventures, and Boon Ventures are driving innovation by bridging Move-based protocols with Ethereum ecosystems.</li>  
 <li>The initiative includes hackathons, mentorship, and grants to support blockchain growth and foster cross-ecosystem collaboration.</li> 
</ul>  
<p>Funding for Web3 entrepreneurs has been established by Movement Labs, Gate Ventures, and Boon Ventures, totaling $20 million. This fund will focus on projects using the Move programming language and protocols that bridge Move-based networks with <a href="https://cryptonewsland.com/ripple-adds-ethereum-compatible-smart-contracts-to-expand-xrp-ledger/" target="_blank" rel="noopener noreferrer nofollow">Ethereum-compatible applications</a>. Interoperability solutions, DeFi, and GameFi are important industries to gain from this.</p>  
<p>The project will offer grants for research, hackathons, and mentoring. This strategy seeks to improve decentralized networks, promote blockchain interoperability, and quicken Web3 technology advancement.</p>  
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<h2 class="wp-block-heading" id="h-accelerating-web3-innovation">Accelerating Web3 Innovation</h2>  
<p>The <a href="https://www.prnewswire.com/news-releases/gate-ventures-movement-labs-and-boon-ventures-launch-20m-fund-to-accelerate-web3-innovation-302274523.html" target="_blank" rel="noopener noreferrer nofollow">collaboration</a> between Movement Labs, Gate Ventures, and Boon Ventures is important for the future of blockchain. Movement Labs, known for its expertise in Move-based technology, aims to push Web3 infrastructure to the next level.&nbsp;</p>  
<p>Gate Ventures contributes its vast resources and international network as well, making this cooperation a potent force for Web3 progress. Meanwhile, by supporting up-and-coming tech businesses, Boon Ventures keeps proving its dedication to innovation.</p>  
<p>Moreover, this fund focuses on <a href="https://learn.metamask.io/lessons/bridging-blockchain-networks" target="_blank" rel="noopener noreferrer nofollow">bridging</a> the Move and Ethereum ecosystems, emphasizing interoperability. As a result, asset and data transfers across networks will become more seamless, driving broader adoption of decentralized applications.</p>  
<h2 class="wp-block-heading" id="h-mentorship-and-hackathons-to-drive-growth">Mentorship and Hackathons to Drive Growth</h2>  
<p>The partners are launching global hackathons to attract top talent and innovative ideas. Moreover, a mentorship program will connect promising startups with seasoned industry veterans, offering them strategic guidance. This multi-faceted approach will foster talent while creating robust solutions for the future of Web3.</p>  
<p>Besides, a research grant program will help <a href="https://cryptonewsland.com/chainlink-launches-ccip-on-zksync-enhancing-cross-chain-communication/" target="_blank" rel="noopener noreferrer nofollow">advance blockchain interoperability</a>, fostering collaboration across ecosystems. Consequently, these efforts are expected to drive the development of decentralized finance, on-chain gaming, and infrastructure projects.</p>  
<h2 class="wp-block-heading" id="h-the-future-of-move-based-blockchain">The Future of Move-Based Blockchain</h2>  
<p>Rushi Manche, Co-Founder of Movement Labs, called the fund a “game-changer,” highlighting its potential to reshape the blockchain. This initiative is laying the foundation for a decentralized future, which supports <a href="https://cryptonewsland.com/vechains-in-decentralized-physical-infrastructure/" target="_blank" rel="noopener noreferrer nofollow">decentralized physical infrastructure</a> and aims to achieve long-term goals.</p>  
<p>In order to see Web3 technology widely used, the $20 million fund is important. It's well-positioned to spur innovation and transform the decentralized scene by promoting cooperation across Move and ecosystems that are Ethereum-compatible.</p> 
<p>The post <a href="https://cryptonewsland.com/20m-fund-launched-to-boost-web3-startups/" rel="noopener noreferrer nofollow">$20M Fund Launched to Boost Web3 Startups Using Move Programming Language</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

$20M Fund Launched to Boost Web3 Startups Using Move Programming Language

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