Ethereum, EVM, and Ethereum Layer 2s all share one thing. Solidity. That’s the programming language that makes all of them compatible. But there are other excellent programming languages that want to build on the Ethereum ecosystem, too. This creates its own unique set of challenges. The recent popularity of Aptos and Sui means that projects and developers are looking to use the Move language more often. And that’s where Movement Labs comes in.
Movement Labs brings the Move language and EVM together. And they have a few updates for us. So let’s see what’s new with them.
GMove Promotion
Before getting into the updates, Movement Labs is one of only a few projects trying to bring other languages into EVM. They are doing it with Move as an Ethereum Layer 2. Polygon is doing it with Typescript and Javascript in their zkEVM Layer 2. Yet, this is an area with very few competitors so far. This could unlock a lot of value in their native $MOVE token when it hits the public market. Aptos and Sui are making believers out of everyone in the potential for the Move language.
OK on to the first promotion. The GMove challenge wants you to show off your moves to earn prizes.
We want to see your best Gmove!
Welcome to the #gmovechallenge pic.twitter.com/T2XUbJsAz9
— Movement (@movementlabsxyz) September 30, 2024
As the thread on X says, it can be anything from a sporting move to a trick you use while coding or just a fun meme. The idea here is to get more engagement and awareness across X for Movement Labs. It’s going on from now until Halloween. If your move wins, then you get $500. And during the campaign, non-profits will get $10,000 in charitable donations from the Movement team. Great idea to do something fun for engagement and it helps people too.
Liquid Staking Now Available
Thunderhead Labs is one of the leaders in developing liquid staking options across crypto. And not just in the Ethereum world. And with Thunderhead’s help, Movement Labs is now offering staked $MOVE for use across Movement’s DeFi ecosystem.
LSTs on Movement@ThunderheadLabs is expanding our LST frontier, bringing more assets to our DeFi eco.
See how the app works👇 pic.twitter.com/7gzoL1JFFY
— Movement (@movementlabsxyz) October 1, 2024
Movement has a faucet available for the public to get some testnet $MOVE and try it out. They are trying to stake (pun intended) their claim on becoming the liquid staking leader for Move-compatible projects in EVM. They want to be the Lido of Move-compatible projects. The liquid staked token will be $stMOVE for use in compatible DeFi projects.
The Guild is on Movement
The Guild is working to improve the gig economy and social networking in Web3. It will work like some combination of Fiverr and Toptal since Toptal is more tech-oriented. The first groups to benefit from The Guild are developers. And specifically, Move and Rust language developers.
So that’s where the fit with Movement Labs comes in. Their partnership allows for a mix of Fiverr-style marketplace with LinkedIn-style relevant content so knowledge workers can differentiate themselves in the marketplace. The idea of having both in one place is new but smart. After all, one great way to decide who you need to hire for a freelance gig is to look at their previous work and content.
The MoveVM, the EVM for the Move language, has very low fees and fast transaction times as all good L2s have. The Guild is looking for MoveVM to be the scaling solution they need for huge adoption. It’s a clear win/win for both as more quality Move programmers can easily move to side projects or contract gigs to grow the number of projects using the language.
Movement Labs is making a lot happen by bringing the Move language to EVM. It’s clear both EVM and Move language native developers and projects will benefit from these moves. So check out Movement Labs today.
Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. This post is sponsored by Movement Labs.
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