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IE International Education and MetaAppply Sign Groundbreaking Strategic Partnership

LONDON, Jan. 29, 2025 /PRNewswire/ — IE International Education and MetaApply have signed a strategic partnership to group the brands under one company, forming what will quickly become a major player in the international higher education and language learning sectors.

The two organisations provide numerous support services for students looking to undertake study overseas.

IE International Education/MetaApply will be a one-stop-shop for all services across both brands, combining cutting-edge use of AI to streamline processes, along with physical presence to deliver world-leading results.

The company will implement a Co-CEO governance model, with Patrick Guimaraes appointed as the CEO for Latin America and Europe, and Prashant Sali appointed the CEO for the UK and the Rest of World.

CEO for Latin America and Europe, Patrick Guimaraes said the partnership is groundbreaking.

“Combining the services of these two organisations means students will now have an end-to-end service for all their study needs,” said Mr Guimaraes.

“This will be a unique service that connects people at different stages of their lives with a global network of educational institutions and work opportunities.

“The partnership is critical to widening participation, enabling social mobility and ultimately creating a better future for as many students around the world as possible.”

CEO for the UK and the Rest of World, Prashant Sali said the deal will be real game changer in the international education sector.

“Our new organisation means students can be directly connected with a university of their choice, while also having their travel, accommodation and work needs sorted, all by the same service,” said Mr Sali.

“We combine the use of AI technology, bolstered by a physical presence in multiple international locations, meaning our services are always available when needed.

“The focus of this strategic partnership is to streamline services and make international study a reality for far more people, and we look forward to making people’s educational and career goals a reality.”

For more information on MetaApply, click here.

For more information on IE International Education, click here.

Coway Redefines Custom Comfort: Discover the Bidetmega 400S and 500S with Tailored Cleaning Options

Experience Fully Adjustable Features, Personalized Hygiene, and Advanced Technology for the Perfect Bathroom Upgrade

LOS ANGELES, Jan. 29, 2025 /PRNewswire/ — Today, Coway, a leading wellness tech company, introduced the Bidetmega 400S and 500S to its award-winning lineup, offering a modern solution for enhancing bathroom hygiene and comfort. Designed to bring a new level of personalization and innovation to everyday routines, these bidets combine advanced cleaning technology, user-friendly features, and contemporary design to elevate the bathroom experience.

 

Both the Bidetmega 400S and 500S feature Coway’s i-wave cleaning technology, a multi-stage wash care system that customizes water pressure, motion, and spray patterns to suit each user’s preferences. Different modes further personalize the cleaning experience, including a thorough 3-stage wash and a consistent 1-stage wash for targeted Rear and Front settings. Additional modes enhance the wash experience with customizable options, including a Move button, which adjusts the nozzle for a comprehensive and soothing clean, an Air+ button to boost cleaning power with bubbles, and a Wide button for a gentle clean, ideal for sensitive skin.

With hygiene as a cornerstone of its design, the Bidetmega 400S and 500S come equipped with Triple Hygiene Care, which combines Coway’s WaterShield™ misting (an automatic spray that prevents the buildup of contaminants in the toilet bowl) with an auto-cleaning nozzle and a UV light cleaning nozzle for unparalleled cleanliness. The Bidetmega 500S also includes an auto-close lid that helps contain air particles and an integrated deodorizer to neutralize odors, further ensuring a fresh and hygienic bathroom environment.

Designed with user comfort and ease in mind, the Bidetmega 400S and 500S combine innovative features with intuitive functionality. A sleek, wireless remote control offers easy operation and can be mounted on a stand or wall for accessibility. Both models feature a tankless design that delivers instantly heated, adjustable water for uninterrupted warmth while offering exceptional energy efficiency. Additional comforts include a heated seat with customizable temperature options, memory profiles for up to two users, a built-in air dryer with four temperature settings, and an eco-mode for further energy savings when not in use. For nighttime convenience, a built-in nightlight ensures easy navigation in the dark.

Coway has sold millions of top-rated air purifiers, earning a reputation for excellence through three decades of dedicated research, engineering, and cutting-edge tech developed at the Coway R&D Center in Korea. The brand also recently celebrated 15 consecutive years of recognition at the IDEA Design Awards.

The Bidetmega 400S is priced at $599 and the Bidetmega 500S at $699, and will begin shipping to customers in February. To learn more about the Bidetmega 400S and 500S or purchase it in the U.S., visit Cowaymega.com or Amazon.

About Coway

Coway (S.Korea: KRX 021240) is the leading wellness tech company behind award-winning product lines including Airmega air purifiers, Bidetmega for bathrooms, and Aquamega water purifiers. Coway was founded in Korea in 1989 and has maintained an obsession with home health for over three decades. The company has grown into a global leader in intensive research, engineering and innovation, amassing more than 6,800 intellectual property rights for its proprietary technology.

The Coway R&D Center, the company’s environmental technology research institute, is Asia’s largest lab dedicated to air, water and sleep technologies. A team of over 400 researchers collaborate there to design, develop and test cutting-edge products that help people live healthier. Coway’s U.S. headquarters is located in Los Angeles, California. For more information, visit https://cowaymega.com or http://newsroom.coway.com.

CONTACT: Rebecca Lew  | Coway US PR Lead | press@cowaymega.com 

Lichen China Limited Announces $3.4 Million Registered Direct Offering

XIAMEN, China, Jan. 29, 2025 /PRNewswire/ — Lichen China Limited (Nasdaq: LICN) (“Lichen China” or the “Company”), a dedicated financial and taxation service provider in China today announced that it has entered into a definitive agreement with several investors for the purchase and sale of an aggregate of 42,500,000 of the Company’s Class A ordinary share, par value $0.00004 per share (the “Shares”) (or pre-funded warrants in lieu thereof) at a purchase price of $0.08 per share in a registered direct offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.001 per share.

The aggregate gross proceeds to the Company of this offering are expected to be approximately $3.4 million. The transaction is expected to close on or about January 29, 2025, subject to the satisfaction of customary closing conditions.

Univest Securities, LLC is acting as the sole placement agent.

The registered direct offering is being made pursuant to a shelf registration statement on Form F-3 (File No. 333-277230) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (“SEC”) on March 1, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us, or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus will be filed by the Company and, upon filing, can be obtained at the SEC’s website at www.sec.gov.

About Lichen China Limited

Lichen China Limited focuses on providing financial and taxation solution services, education support services, and software and maintenance services under its “Lichen” brand. In recognition of the Company’s expertise and experience in the financial and taxation solution services industry for over 18 years, the Company has built up its reputation as a dedicated financial and taxation solution services provider of professional and high-quality services in China. For more information, please visit the Company’s website: https://ir.lichenzx.com/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

Tian Sun
Phone: +86-0592-5586999
Email: ir@lichenzx.com

FOLEY ENTERTAINMENT GROUP APPOINTS WORLD-RENOWNED HOTELIER AND CUSTOMER EXPERIENCE EXPERT, SHANE GREEN, AS CHIEF EXECUTIVE OFFICER

SANTA ROSA, Calif., Jan. 28, 2025 /PRNewswire/ — Foley Entertainment Group Chairman Bill Foley announced today the appointment of Shane Green as Chief Executive Officer of Foley Entertainment Group (FEG). In this role, Green will oversee business operations for FEG’s global portfolio of sports and hospitality entities, including FEG’s luxury hotel collection boasting the acclaimed MacArthur Place and Farmhouse Inn in Sonoma County, Hotel Les Mars in nearby Healdsburg, and the iconic Hotel Californian in Santa Barbara, alongside an array of other distinguished sports teams, resorts, restaurants, and vineyards across the globe.  Green will direct the overall business strategy for FEG, which, under his leadership, will undergo a brand transformation during the 2025 calendar year.

FOLEY ENTERTAINMENT GROUP APPOINTS WORLD-RENOWNED HOTELIER AND CUSTOMER EXPERIENCE EXPERT, SHANE GREEN, AS CHIEF EXECUTIVE OFFICER
FOLEY ENTERTAINMENT GROUP APPOINTS WORLD-RENOWNED HOTELIER AND CUSTOMER EXPERIENCE EXPERT, SHANE GREEN, AS CHIEF EXECUTIVE OFFICER

“Bringing Shane in to lead Foley Entertainment Group is a massive acquisition for our organization,” said Foley Entertainment Group Chairman Bill Foley. “His energy and passion will help us elevate the guest experience across our entire portfolio, whether at one of our hotels, winery tasting rooms, or live events. Shane’s background and leadership will be invaluable in advancing FEG’s aspirational mission of becoming the preeminent sports, hospitality, and experience entity in the world.”

Originally from New Zealand, Green brings a wealth of experience from his work with renowned brands like The Ritz-Carlton Hotel Company, the NBA, MGM Resorts, United Airlines, Westfield, and BMW, among many others. He has played an integral role in an impressive roster of travel and hospitality efforts including opening both the Cosmopolitan and the Fontainebleau in Las Vegas, helping AREV Collection open its first property in St. Tropez, and supporting the Robertson Lodges in New Zealand and EVT hotels in Australia. 

This extensive background has shaped Green’s unique approach to hospitality and business success, evident in his global training and consulting company, SGEi, and his book Culture Hacker. Both have inspired significant customer experience transformations that are emulated worldwide.

“Working with Bill to build a world-class hospitality organization is an endeavor I’ve been preparing for throughout my career,” said Foley Entertainment Group’s new CEO Shane Green. “At FEG, I’m looking forward to elevating our unique blend of luxury, authenticity, and deep connection to place that defines each property in FEG’s expanding portfolio, while cementing FEG’s position at the intersection of luxury hospitality, world-class sporting events, wine & spirits, tasting rooms and experiences. My goal is to create even more unforgettable moments for discerning travelers around the world, while delivering a superior level of service to each guest.”

Renowned for his ability to transform workplace culture, Green will apply his expertise to elevate the guest experience across the Foley portfolio. From hotels and wineries to restaurants and sporting events, he will ensure each entity delivers a unique and memorable experience rooted in a strong sense of place and service excellence.

Images can be found here.

ABOUT FOLEY ENTERTAINMENT GROUP
Established by Bill Foley in 2021, Foley Entertainment Group operates the Foley Family’s growing portfolio of entertainment properties, highlighted by the Vegas Golden Knights of the National Hockey League; AFC Bournemouth of the Premier League; the Henderson Silver Knights of the American Hockey League; the Vegas Knight Hawks of the Indoor Football League; Auckland FC of the A-Leagues; two community hockey facilities in the Las Vegas Valley; Lee’s Family Forum sports and entertainment venue in Henderson, NV; the Folded Flag Foundation; the Vegas Golden Knights Foundation; Hotel Les Mars, Arandas Restaurant and Goodnight’s restaurant in Healdsburg, CA; Farmhouse Inn and Farmhouse Restaurant in Forestville, CA; Hotel Californian and Blackbird restaurant in Santa Barbara, CA; MacArthur Place in Sonoma, CA; Whitefish Mountain in Whitefish, MT; Black Walnut Inn & Vineyard in Dundee, OR; and a number of other assets. The Foley Entertainment Group is committed to providing five-star service and experiences to its fans, guests, customers, and clients. For more information on the Foley Entertainment Group, visit foleyentertainmentgroup.com.

Photo – https://laotiantimes.com/wp-content/uploads/2025/01/foley_entertainment_group____shane_green.jpg
Logo – https://laotiantimes.com/wp-content/uploads/2025/01/feg_extended_onwhite_logo.jpg

Oriental Pearl and Shanghai Tower, together with towers around the world, light up in red in celebration of the Spring Festival of the Year of the Snake

and its selection into UNESCO World Cultural Heritage list


SHANGHAI, CHINA – Media OutReach Newswire – 29 January 2025 – Shanghai extends an invitation to landmarks and towers from cities across four continents to light up in red and celebrate the first Spring Festival as UNESCO World Cultural Heritage. The Oriental Pearl Tower and Shanghai Tower, two of Shanghai’s iconic landmarks, is teaming up with members of World Federation of Great Towers (WFGT) and Council on Tall Buildings and Urban Habitat (CTBUH), including Burj Khalifa in Dubai, Empire State Building in New York, Tokyo Tower, Willis Tower in Chicago, Reunion Tower in Dallas, Vancouver Lookout, Torre Glories in Spain and SkyTower in Bucharest. Together, they will celebrate the first Spring Festival after its inclusion in the UNESCO World Cultural Heritage list by lighting up in red and sending Chinese New Year greetings.

View of the Lujiazui skyline as Shanghai Oriental Pearl Tower lights up in red in the evening on January 28, 2025.
View of the Lujiazui skyline as Shanghai Oriental Pearl Tower lights up in red in the evening on January 28, 2025.

On the eve of the Spring Festival, Shanghai’s iconic Oriental Pearl Tower and Shanghai Tower, the third tallest building in the world, took the lead in lighting up in festive red and shared the cheerful atmosphere with people around the world.

Shanghai Tower lights up in red in the evening on January 28, 2025.
Shanghai Tower lights up in red in the evening on January 28, 2025.

At the same time, the Marina Bay Sands in Singapore has launched a Spring Festival-themed light show, projecting the beautiful color of Chinese red onto its buildings, as part of its Chinese New Year celebrations that will last till the Lantern Festival on February 12. Also, multiple towers in Asian cities will soon follow up. In Dubai, UAE, the world’s tallest tower, the Burj Khalifa tower will also light up in red, as tourists from around the globe gather at its foot to usher in the Year of the Snake. In Tokyo, Japan, as the clock counts down towards the Chinese New Year and the Tokyo Tower puts on a red coat, 2,025 balloons with the images of China’s giant pandas and Japanese anime characters will be released into the sky, carrying the wonderful wishes of the Chinese and Japanese people.

In the American continent, on January 29 local time in the US and the first day of the Chinese New Year, the Empire State Building in New York will appear in a dazzling red. In addition, the third tallest building in North America, the Willis Tower in Chicago, the Reunion Tower in Dallas, Texas will also light up in red during the Spring Festival. Further north, Canada is joining in as well. The red lights on the Vancouver Lookout will bring a special Spring Festival vibe to the Chinese people in Canada.

In Oceania, the city of Sydney will host a number of celebrations for the Spring Festival of the Year of the Snake.

In Europe, landmarks of a number of cities will also take part in the wonderfully red Spring Festival celebrations. In the Romanian capital of Bucharest, the emblematic SkyTower will turn into a red fairy. Several Spring Festival celebrations will also be held in the city to introduce traditional Chinese Spring Festival culture to the local people. In Barcelona, Spain, the Torre Glories, the most outstanding building of the city’s skyline, will light up in red and illuminate the city’s nightly sky. The Chinese community in Spain will also hold Spring Festival events bustling with joy and celebration, to welcome the arrival of the Chinese New Year together with the locals.

Hashtag: #ShanghaiEye

The issuer is solely responsible for the content of this announcement.

Caravelle International Group Issues CEO Letter to Employees and Shareholders

Discusses Recent Corporate Developments and Commitment to Sustainability and Transparency 

SINGAPORE, Jan. 29, 2025 /PRNewswire/ — Caravelle International Group (NASDAQ: HTCO) (“Caravelle” or the “Company”), a global ocean shipping technology company, today released a letter to shareholders from its CEO, Mr. Shixuan He.

Dear employees and shareholders,

As the recently appointed CEO of Caravelle, I am pleased to take this opportunity to inform you of the significant steps we have recently taken to strengthen our corporate governance and the strategic initiatives we have taken to further expand our business, which reflect our continued commitment to improve transparency and communication with investors and drive long-term value for our stakeholders.

During 2024, we made significant progress in enhancing our corporate governance infrastructure, as well as put in place strategic initiatives to expand our business. We have made a commitment to strengthen our regulatory compliance and financial reporting. Specifically:

Strengthening Corporate Governance

We recently announced changes to our board of directors and executive management team, whose members are focused on improving our company’s information disclosure practices and corporate governance. As part of this commitment, during our Annual General Meeting held on January 3, 2025, we updated our shareholders on the latest developments, underscoring our commitment to open and transparent communication.

The new management team of Caravelle International Group has a diversified background, additionally, the new senior management has had extensive experience in collaborating with major global enterprises. We believe that our seasoned management team provides our company with a comprehensive perspective and rich experience, enabling us to effectively advance our sustainable technology development in the complex global market.

Strategic Integration and Investment

We are currently integrating resources from world-renowned enterprises to elevate our growth potentials. We are continuously exploring investing opportunities in new business ventures by leveraging our access to the best resources globally. A couple of pivotal steps in this direction are its recent initiatives to explore the opportunity of developing a global shipping OCC (“Onboard Carbon Capture”) decarbonization system and partnerships with one or more global-leading Web3-based carbon asset management platforms. These initiatives highlight the Company’s proactive approach and its commitment to innovation. We will provide additional details on these initiatives shortly.

Commitment to Sustainability and Digitalization

Caravelle’s new focus on developing an OCC system for the shipping industry and investment in web3-based carbon asset management platforms underscores its dedication to sustainability and digital transformation. With that, we are positioning Caravelle to become a leader in the maritime industry’s transition towards more sustainable and environmentally friendly practices.

Financial Reporting

As a foreign private issuer listed on the Nasdaq Stock Market , Caravelle reports its financial results on a semi-annual basis.  With a fiscal year ending October 31, Caravelle expects to file its Annual Report on Form 20-F for fiscal year 2024 on or before February 28, 2025. As part of its commitment towards improving transparency and providing greater visibility into its business, the Company is also working towards providing key business and financial metrics on a timely basis.

Looking Ahead

We believe that the steps we have recently taken signal our strong commitment towards improved corporate governance, sustainability, innovation, and growth; all designed to support our long-term revenue and profit growth.

On behalf of our board of directors and management team, I would like to thank you for your continued interest and trust in Caravelle. Although we are proud of our accomplishments to date, we acknowledge that there is still much work to be done.  We are committed to this effort and appreciate your ongoing support.

Thank you.

Mr. Shixuan He
CEO

About Caravelle International Group

Caravelle is a global ocean technology company with businesses in international shipping and marine carbon neutrality. The company is committed to improving shipping efficiency through innovative technologies and promoting sustainable development in the industry.

Forward Looking Statements

This announcement contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, including, without limitation, those with respect to the objectives, plans and strategies of the Company set forth herein and those preceded by or that include the words “believe,” “expect,” “anticipate,” “future,” “will,” “intend,” “plan,” “estimate” or similar expressions, are “forward-looking statements”. Such statements include, but are not limited to risks detailed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the fiscal year ended October 31, 2023. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. All information provided in this press release is as of the date of the publication, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Guangdong Governor Wang Weizhong Extends 2025 Spring Festival Greetings to the World

GUANGZHOU, China, Jan. 29, 2025 /PRNewswire/ — On January 28, 2025, the eve of the Chinese Lunar New Year, Wang Weizhong, Governor of Guangdong Province, conveyed festive greetings on behalf of the Provincial People’s Government and its residents to overseas Chinese, compatriots in Hong Kong, Macao, and Taiwan, as well as friends around the globe.

In his Spring Festival message, Wang highlighted that in 2024, Guangdong Province’s GDP reached a remarkable milestone of 14 trillion yuan, maintaining its position as the national leader for 36 consecutive years. The province’s foreign trade imports and exports surpassed 9 trillion yuan, with Guangdong goods enjoying strong sales worldwide. Guangdong’s “High-Quality Development Project for Counties, Towns, and Villages” has invigorated its urban and rural development, fostering vibrant industrial clusters and accelerating the process of new urbanization.

Wang noted that in 2024, Guangdong made significant strides in deepening reforms and opening its doors to the world. The construction of the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) celebrated its fifth anniversary, with a series of favorable policies introduced, including tiered management in Hengqin, expanded preferential tax policies in Qianhai, and relaxed market access in Nansha. Initiatives such as “Northbound Travel for Hong Kong/Macao Vehicles” and multiple-entry visas have spurred cross-border mobility, enhancing connectivity across the Hong Kong-Zhuhai-Macao Bridge and the Shenzhen-Zhongshan Link, thereby facilitating a one-hour living circle in the GBA. Major events like the Canton Fair, China Airshow, and Global Investment Promotion Conference attracted thousands of businesses, leading to the establishment of numerous significant projects and headquarters in Guangdong, bringing the total number of business entities in the province to over 19 million, the highest in the country. Investors, both domestic and international, continue to express optimism about Guangdong and choose it as their investment destination.

In 2024, Guangdong promoted the mutual enhancement of industry and technology, accelerating the development of new productive forces. The region’s innovation capabilities have secured eight consecutive national championships. The “Meng Xiang” ocean drilling vessel was completed and put into operation, while “Made in Guangdong” rockets successfully launched into space. The concept of “flying to work” is transitioning from science fiction to reality, and Kirin high-end chips have achieved independent development and large-scale application. Guangdong has established a first-mover advantage in emerging sectors such as integrated circuits, artificial intelligence, low-altitude economy, and commercial aerospace. Concurrently, traditional industries are undergoing rapid renewal, resulting in a more robust manufacturing sector and a more competitive modern industrial system.

In 2024, Guangdong’s “doorstep” employment service initiatives enabled more residents to find jobs close to home. Diverse childcare institutions embraced the service philosophy of “trusted care, assured upbringing,” while new elderly care models ensured that more seniors could “age with support and joy.” Cultural landmarks, such as the Baietan GBA Art Center, have become popular destinations, and public engagement in greening initiatives has become a widespread practice, with air and water quality reaching their best levels.

Wang Weizhong emphasized that in 2025, Guangdong will make every effort to stimulate the economy, advance reforms, and promote development, aiming to achieve the goals of the “14th Five-Year Plan” with high quality. The province will further strengthen economic and cultural exchanges with countries around the world.

He also noted that in November 2025, the flame of the National Games will be lit simultaneously in Guangdong, Hong Kong, and Macao, marking the first comprehensive sports event jointly hosted by the three regions of the GBA. Wang looks forward to witnessing the vibrant display of “Passionate National Games, Vibrant Greater Bay Area” alongside friends from home and abroad.

Movement Network Foundation Launches Developer Phase of Public Mainnet

Announces Cornucopia: A Multi-Asset Liquidity Program for Public Mainnet Beta

GRAND CAYMAN, Cayman Islands, Jan. 28, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to fostering innovation and advancing the adoption of MoveVM technology, today announced the Developer Phase of its Public Mainnet. This phase continues the momentum from December’s initial mainnet release and establishes the foundation for Movement’s Public Mainnet Beta, scheduled for launch in mid-February.

As part of this milestone, Movement Network Foundation also announced Cornucopia, a multi-asset liquidity campaign that will launch alongside Public Mainnet Beta. This comprehensive liquidity program aims to accelerate ecosystem growth by providing the essential foundation for DeFi applications, enabling deeper market efficiency, and fostering increased protocol adoption from day one.

Developed in partnership with Concrete, Veda Labs, Echelon and Canopy, the program will feature several specialized vaults: The BTC vault will feature Lombard, Lorenzo BTC and SolvBTC. The ETH vault will feature EtherFi and Renzo (ezETH). The $MOVE vault will feature Movement’s liquid staking protocols, Thunderhead, Movernance and Meridian. Anchoring the program is a $100M Ethena stable vault, demonstrating significant institutional commitment to Movement’s DeFi ecosystem.

On December 9, 2024, Movement Network’s initial mainnet beta launched with limited functionality, including permissioned smart contracts and commemorative  NFTs. It also allowed foundational components to begin deploying, including follower nodes and indexers.

Today, the Developer Mainnet enables ecosystem partners to begin deploying their protocols and apps on Movement’s network. From now through mid-February, development teams will systematically implement core infrastructure and test integrations, ensuring a robust environment for Public Mainnet Beta.

MOVEMENT’S KEY MILESTONES:

Developer Mainnet (January 28):

  • Core infrastructure deployment begins
  • Selected partners and DeFi protocol implementation window opens
  • Technical documentation and developer resources release

Public Mainnet Beta (mid-February):

  • Complete network functionality goes live
  • Bridge support via LayerZero integration
  • Permissionless DApp deployment

“The deployment of Movement Developer Mainnet and Cornucopia marks the beginning of a new era for blockchain development. By structuring our launch to include both technical infrastructure and day-one DeFi liquidity, we’re creating an ecosystem where developers can leverage Move’s robust security features while accessing Ethereum’s massive scale. This coordinated approach ensures we’re delivering immediate value for both developers and users,” said Cooper Scanlon, Co-Founder of Movement Labs.

For more information about Movement’s Developer Mainnet, visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem  @Move_Collective on Twitter.

About Movement Network Foundation
Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.