PANews reported on March 11 that according to CoinDesk, the blockchain company Movement announced that its public mainnet beta was officially launched, marking an important step for the Movement Virtual Machine (MoveVM) developed by Facebook to be deployed on Ethereum. The mainnet has raised more than $233 million in BTC, ETH and MOVE token liquidity through Movement's Cornucopia plan, and will support smart contract deployment, enabling developers to build and use applications on the network for the first time.

The Move language was originally developed by Facebook and was used in Layer 1 networks such as Sui and Aptos. This time, Movement Labs expanded it to Ethereum Layer 2 to provide new scalability and security solutions for smart contract development.