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

3 days ago 1

The mainnet launches with over $233 million worth of BTC, ETH and native asset MOVE in liquidity raised through Movement's Cornucopia program

Updated Mar 7, 2025, 4:29 p.m. UTCPublished Mar 10, 2025, 3:00 p.m. UTC

Blockchain firm Movement's public mainnet is set to launch in beta, continuing the progress toward deploying Movement Virtual Machine (MoveVM) on Ethereum.

The mainnet will roll out Monday with over $233 million worth of BTC, ETH, and native assets, MOVE, in liquidity raised through Movement's Cornucopia program.

Movement's mainnet will allow smart contract deployment and allows anyone to build on and use the network for the

first time, the Movement Network Foundation announced via email on Monday.

Move was developed by Facebook as part of its plans to develop its own digital currency, which was abandoned in early 2022.

The technology was subsequently used to create layer-1 networks Sui and Aptos, as well as Movement Labs extending the programming language to develop an Ethereum layer 2.

Jamie Crawley

Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.