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Movement Labs is about to complete a $100 million Series B financing, with a valuation of $3 billion.
Movement Labs is expected to complete a $100 million Series B funding round, with a valuation of approximately $3 billion. It is reported that this round of financing is co-led by two well-known investment institutions and is expected to be completed by the end of January. Investors will receive a combination of equity and tokens primarily in the form of tokens.
This news has sparked widespread discussion in the market. Some are concerned whether this means that the project team is selling tokens at a discount off the market, or whether it will affect airdrop distribution. In fact, it is common practice for crypto projects to raise funds after the token generation event (TGE), with the aim of bringing in more long-term partners. Although the valuation obtained by new investors may seem lower, their tokens are usually locked for a long period, which will not affect the original token release plan.
Moreover, the tokens purchased by new investors usually come from the portion held by the project team or foundation, rather than from the community allocation. Therefore, this round of financing will not affect community interests or airdrop distribution. This move by Movement is likely to introduce more valuable partners to the ecosystem, laying the foundation for future development.
The leading investor in this round of financing has a strong background and strength. One of them was established in 2015 and has invested in over 100 projects, including several well-known blockchain projects. This institution not only provides financial support but also helps projects achieve long-term development through strategic guidance and industry resources. The other investor is the digital asset division of a top global hedge fund, managing hundreds of billions of dollars in assets, covering various institutional investors.
This round of financing reflects Movement's strategic layout: on one hand, it gains support from resource-based Web3 institutions to jointly develop the ecosystem; on the other hand, it seeks support from traditional financial institutions to prepare for future entry into the mainstream financial market.
For community members, these developments are positive news. Currently, the main ways to participate in the Movement ecosystem include:
As the project continues to develop, community members should keep an eye on official updates, actively participate in ecosystem building, and prepare for possible opportunities in the future.