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Facebook-Developed MoveVM Gets Closer to Ethereum Deployment With Public Mainnet Beta Launch

Movement has announced the public beta launch of its mainnet, which will facilitate the deployment of the Movement Virtual Machine (MoveVM) on Ethereum. The mainnet launch will feature over $233 million worth of BTC, ETH, and native assets as liquidity and will enable users to deploy smart contracts and build on the network. Move, originally developed by Facebook for a digital currency project that was later abandoned, has evolved through various layer-1 networks and is now being utilized in this new initiative.

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