Movement Labs, a Web3 startup focusing on an Ethereum layer-2 network, is poised to conclude a venture financing round targeting $100 million, valuing the company around $3 billion. This funding will position Movement as a new blockchain unicorn, following others like Celestia and Story Protocol. In Q4 2024, Web3 funding totaled approximately $1.6 billion, marking a decline from early 2022's highs but an increase from the 2023 bear market. Earlier, Movement secured a $38 million Series A led by Polychain Capital. Recently, the company launched its L2 network and native token, MOVE, aimed at onboarding infrastructure providers. The platform showcases postconfirmations as a quick alternative to existing Ethereum L2 transaction confirmations, proposing to reduce times to under one second, unlike traditional fraud proofs which can take up to seven days. Movement's approach facilitates applications to maintain high throughput and suitable security by utilizing its native token. The company is part of a broader trend of projects like Aptos and Sui that utilize the Rust-based Move programming language.

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