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Ethereum Welcomes Facebook-Originated MoveVM in Upcoming Mainnet Beta Launch

by aria-crypto.com

March 10, 2025 at 15:07

Ethereum Welcomes Facebook-Originated MoveVM in Upcoming Mainnet Beta Launch

MoveVM, originally developed by Facebook, is poised to make a significant impact on Ethereum with the imminent public beta launch of its mainnet by Movement Labs. This development facilitates the deployment of smart contracts and opens up new opportunities for blockchain builders, utilizing the pioneering MoveVM technology. The beta mainnet, launching with over $233 million in BTC, ETH, and MOVE liquidity, reflects strong community and investor interest, bolstered by the Cornucopia program. Originally part of Facebook's initiative to create its own digital currency, the MoveVM technology shifted focus after the project was discontinued in early 2022. It now underpins new layer-1 networks like Sui and Aptos in addition to enhancing Ethereum as a potent layer 2 solution. This strategic expansion into Ethereum could potentially unlock further innovations and applications across decentralized platforms.

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This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

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