Published on September 13, 2023 16:15 GMT+00:00edited on September 13, 2023 16:19 GMT+00:00

Movement Labs said it raised  $3.4 million in pre-seed funding to boost the security and adoption of its Web3-based Smart Contract Language, Move.

According to a Sept. 13 statement shared with CryptoSlate, Move is a programming language with embedded safeguards that protects projects from common attack vectors like reentrancy that have cost the industry billions of dollars.

Movement Labs co-founder Rushi Manche described the Web3 programming language as blowing the roof off Web3 innovations because it solves many security and performance issues inherent in Web3 programming languages. He added:

“Benefits to Smart Contract developers include direct interaction with digital assets through custom resource types, flexibility with transaction script declaration, on-chain …