Opportunities in Move Language

TL;DR

1. Move language has characteristics such as programming assets as first-class citizens, security, flexibility, and composability.

2. The development of public chain ecosystems using the Move language is still in its early stages, with limited interaction options.

3. Many well-known investment institutions have already made early layouts in public chains with a Meta background, and traditional financial institutions are entering the market.

4. Based on the ecological expansion, testnet progress, and valuation of Aptos and Sui, it is necessary to continuously pay attention to the future trends and market performance of both.

Features of the Move Language

Move is the programming language developed by Meta for its stablecoin project Diem, and it has the following features:

1. Program assets as first-class citizens
2. Ensure security through static calls, virtual machine sandbox, etc.
3. Verifiability
4. Flexibility
5. Contract Composability

The Move language abstracts four properties of resources: copyable, indexable, disposable, and storable. Resources are stored in modules controlled by the owner's account, and only the owner can decide on the storage and transfer of resources. This design avoids re-entrancy and double spending attacks.

Move uses static calls and a virtual machine sandbox to enhance runtime security. Its flexibility is reflected in the ability to freely combine transactions to achieve different functions. The module-based design allows for composable contracts, making upgrades and optimizations easier.

Public chain using Move language

Currently, there are 4 main public chains using the Move language:

1. Aptos: Built by former Meta engineers, focusing on security, scalability, and upgradability. Plans to launch the mainnet this autumn.

2. Sui: Built by Mysten Labs, founded by former Meta engineers, focusing on high TPS and low latency. Incentive testnet registration has been launched.

3. Starcoin: Based on PoW consensus and Move language, the mainnet was launched in May 2021.

4. 0L Network: An open, permissionless community-managed Layer 1 public chain, launched in October 2021.

Among them, the development of Aptos and Sui is the most notable.

Public Chain Ecosystem Development Status

1. Overall in the early stage, there are many NFT and wallet projects within the ecosystem.

2. The Aptos ecosystem is leading in development, with 60-70 projects available for inquiry, covering DEX, wallets, DID, infrastructure, and more.

3. The main projects that have been launched in the Sui ecosystem are infrastructure projects, with limited interaction options.

4. The Starcoin ecosystem focuses on NFTs and blockchain games.

Progress of Aptos and Sui Testnets

Aptos has completed AIT1 and AIT2, and is about to proceed with AIT3. The mainnet is scheduled to launch this autumn.

Sui will launch the incentive testnet this month, and registration is now open.

Both participate in the testing by running nodes, which has high requirements for participants. In terms of rewards, Aptos offers 500 tokens per phase, while Sui offers 2000 tokens per phase.

Investment Opportunities Behind the Move Language

1. Well-known institutions such as a16z and Tiger Global have already laid out their plans for Aptos and Sui.

2. Traditional financial institutions such as Franklin Templeton and Samsung NEXT are also involved in investments.

3. The characteristics of Move language are highly compatible with the demands of DeFi, NFTs, etc., attracting developers.

4. DeFi and NFT projects are the current focus of ecosystem development.

5. Market expectations are that the new public chain may reach or surpass the bull market returns of public chains like Solana.

6. The ability to capture value is a key focus that needs to be addressed in the future.