Movement Foundation launches Movement Mainnet and MOVE token

The Movement Network Foundation revealed the launch of the Movement Mainnet — an Ethereum scaling solution that uses the Move Virtual Machine to settle transactions to the Ethereum network with one second finality time — and the accompanying MOVE token generation event in a December 9 announcement.

In an interview with Cointelegraph, co-founder of Movement Labs Rushi Mande said, "Our general thesis was Move is a phenomenal language, very secure, high throughput, but it needed two major things." Mande continued:

"One is an ecosystem — a vibrant ecosystem. Apps that people were using that were well-funded and got to market. And secondly, a community where the native community was bootstrapped and loyal to the chain."

The network will launch in beta, with the initial phase of the rollout focused on infrastructure providers deploying RPC nodes, follower nodes, and indexers to service the network and ensure an optimal execution environment.

MOVE token distribution. Source: Movement Network Foundation

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Three main goals of Movement Mainnet

Rushi Mande outlined three goals for the Movement Mainnet, including helping to secure the decentralized finance (DeFi) sector, focusing on the convergence between the Movement ecosystem and AI, and building a mobile-first platform.

"DeFi is expensive, but most importantly, very, very insecure. There is $4.5 billion lost every year," Mande told Cointelegraph. In November alone, hackers stole $71 million from DeFi users.

The Movement Labs co-founder also noted how firms like Axle were bringing AI agents to Movement. Artificially intelligent agents in crypto have become a powerful narrative during the current market cycle.

AI agents automate complex processes, including interacting with decentralized finance protocols and executing trading strategies. Automated AI agents can also integrate with smart contracts to enhance their capabilities.

"We want to focus on mobile-first vertical form," Mande said. The Movement Labs co-founder is not alone in that assessment. Mobile technology and mobile applications are widely viewed as a way to drive mass Web3 adoption — particularly among Gen Z.

Mobile platforms can also help bank the unbanked in developing countries as satellite telecommunication technology matures — allowing anyone with a mobile phone to access global markets anywhere in the world regardless of local infrastructure.

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