The token 'MOVE' issued by the Layer2 blockchain Movement Labs is being listed simultaneously on major domestic virtual asset exchanges. This is drawing attention to whether Movement Labs' entry into the Korean mobile game market, which has shown interest, will gain momentum.
Upbit announced through a notice on the 9th that it will list MOVE at 8 pm on that day. Upbit said, "MOVE may be subject to changes in the timing of trading support as it is the first global trading support, and any changes will be announced through a notice." Bithumb will also start trading MOVE from 9 pm on the same day. Coinone will start selling from 8 pm and buying from 8:05 pm.
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MOVE is a virtual asset issued by Movement Labs, an Ethereum (ETH) Layer2 blockchain. Movement Labs has adopted the 'Move' smart contract language created by the former Facebook (Meta) development team to build a blockchain infrastructure. It has the characteristics of faster transaction speed and higher security than other blockchains. Lucy Manche, co-founder of Movement Labs, who met with Decenter in September, said, "We chose the Move language to easily collaborate with stakeholders based on its fast speed and high security." MOVE is expected to be used for staking (virtual asset deposit), governance voting, and gas fee payment in the Movement Labs ecosystem.
The industry is paying attention to the possibility of Movement Labs' entry into the Korean market as MOVE is listed on domestic exchanges. Manche, the founder, who was discussing app development with a Korean company in September, said, "Korea is the most leading country in the active mobile game market in Asia, and our biggest goal is to onboard mobile game users (to the ecosystem), so we are closely watching Korea's potential." She added, "We will create an environment where young MZ generation users can easily onboard to blockchain, and in the future, if user participation increases, we plan to enter the DeFi (decentralized finance) field."
- Jae-heon Choi, Reporter
- chsn12@decenter.kr
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