Movement is about to complete a $100 million Series B financing, with a valuation of $3 billion.

Movement Labs is about to complete a new round of financing, reaching a scale of $100 million, with a company valuation of approximately $3 billion. This Series B financing is co-led by two well-known investment institutions and is expected to be completed by the end of this month. Investors will receive a combination of equity and Tokens, mainly consisting of Tokens.

This financing has sparked widespread discussion in the industry, with some concerned about its impact on Token distribution or airdrop shares. However, according to industry practices, it is common for crypto projects to conduct financing after the Token Generation Event (TGE). The purpose of this is to attract more institutional investors who support the project in the long term. Although newly entering institutions may receive lower valuations, their Tokens usually come with long lock-up periods, which will not affect the original Token release plans.

It is worth noting that the tokens purchased by new institutions usually come from the portion held by the project team or foundation, rather than from the community distribution shares. Therefore, this financing will not affect community interests or airdrop distribution. The Movement has chosen to continue financing after the TGE, likely to introduce more valuable partners into its ecosystem to jointly promote project development.

The leading investors in this round of financing are all well-known institutions in the industry. One of them was established in 2015 and has invested in over 100 companies to date, including several well-known blockchain projects. This institution not only provides financial support but also helps the invested companies achieve long-term development through strategic guidance and industry resources. Another investor belongs to the digital asset department of a global top hedge fund, which manages hundreds of billions of dollars in assets, with clients including sovereign wealth funds, corporations, public pension funds, and endowment funds.

This round of financing can be seen as a strategic move for Movement: on one hand, it gains support from resource-oriented institutions to jointly expand the ecosystem; on the other hand, it seeks support from traditional financial institutions to prepare for future entry into the mainstream financial market.

For ordinary users, these developments are good news. For those who are following the Movement project, you can continue to participate in the following activities:

1. Complete the Galaxy mission: Although the first phase airdrop did not include Galaxy points, the official announcement states that these points will be useful in the future and may be related to the second phase airdrop. Users can accumulate points by checking in and participating in various activities.

2. Participate in Kaito platform interactions: Movement has officially settled on the Kaito platform and announced that it will provide airdrop opportunities for Kaito users. Specific rules will be announced in the coming weeks. Interested users can start posting original content related to Movement on the platform and engage with official accounts, founders, and top-ranked users.

Overall, this round of financing for Movement demonstrates the project's potential and market recognition, laying a good foundation for its future development.