Movement Labs Launches Move Collective Accelerator To Support Blockchain Projects

According to BlockBeats, Movement Labs has announced the launch of its accelerator program, Move Collective, on September 25. The initiative aims to nurture and support promising projects within the Movement ecosystem, providing comprehensive assistance to projects at various stages of development. Recent beneficiaries of the Move Collective program include several notable projects: Lync has secured $1.5 million in funding to develop user-centric native mobile applications and games. HelixLabs received $2 million to advance its innovative cross-chain interoperability solutions. Nexio raised $2.2 million for its Bitcoin parallelization rollup. Echelo obtained $3.5 million to further its decentralized lending protocol. Meridian garnered $4 million to build a robust and secure DeFi platform. Move Collective seeks to transform innovative ideas into successful blockchain applications by offering collaborators a range of benefits, including funding opportunities, expert guidance, strategic networking, and essential resources. This initiative follows Movement Labs' previous collaboration with the Web3Port Foundation last month, where they jointly launched a $10 million ecosystem fund. This fund is dedicated to investing in native Movement DeFi, consumer, and gaming applications to support the growth of the Movement ecosystem.