Movement Labs completes $100 million Series B financing with a valuation of $3 billion.

Movement Labs is about to complete an important round of financing, amounting to $100 million, with a valuation of approximately $3 billion. This Series B funding round is co-led by two well-known institutions and is expected to be completed by the end of this month. Investors will receive a combination of equity and Token, with a focus on Token.

This round of financing has sparked widespread discussion in the market. Some are concerned that it will affect the airdrop shares, but in reality, this concern is unnecessary. It is common practice for crypto projects to conduct financing after the Token Generation Event (TGE), with the aim of bringing in more long-term partners. Although new institutional investors may receive a lower valuation, their tokens usually come with a long lock-up period, which will not affect the original token release schedule.

Moreover, the tokens purchased by the new institution typically come from portions held by the project team or foundation, which will not affect the interests of community users or airdrop distribution. Therefore, this round of financing is likely aimed at bringing in more quality resources and partners for the Movement ecosystem, rather than being a simple fundraising activity.

One of the lead investors is CoinFund, established in 2015, which has invested in over 100 projects, including some well-known blockchain projects. CoinFund not only provides financial support but also offers strategic guidance and industry resources to the invested companies, assisting their long-term development.

Another lead investor belongs to a top global hedge fund, managing hundreds of billions of dollars in assets, with clients including sovereign wealth funds, pension funds, and endowment funds.

This round of financing reflects Movement's long-term strategy: on one hand, it leverages the power of resource-based institutions in Web3 to expand its ecosystem; on the other hand, it is also preparing for future entry into the traditional financial market. For ordinary users, these developments are all positive news.

For the possible second phase airdrop, users may consider the following preparations:

1. Participate in the Galaxy Mission: Although the first airdrop did not include Galaxy Points, the official team has stated that these points will be useful in the future. Users can accumulate points by signing in and participating in various activities.

2. Follow the Kaito platform: Movement has settled on Kaito and announced that it will provide airdrops for platform users. Specific rules will be announced in the coming weeks. Users are encouraged to create more original content and interact with official accounts, founders, and active users on the platform.

Overall, this round of financing for Movement has injected new momentum into the future development of the project and brought more potential opportunities for users.