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

Blockchain firm Movement has announced the beta launch of its public mainnet, moving closer to deploying the Movement Virtual Machine (MoveVM) on Ethereum. This mainnet rollout comes with over $233 million in liquidity from various assets. MoveVM was initially developed by Facebook and is now being used to create layer-1 networks such as Sui and Aptos, as well as an Ethereum layer 2 solution.

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