Movement's Mission to Rebuild Trust & Launch 'The People’s Chain'

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The latest Talking Tokens podcast 🎙️

For today’s Talking Tokens episode, I sat down with Torab Torabi, CEO of Move Industries, the team behind Move Network, a blockchain ecosystem built on the Move language.

Torab opens up about the challenges of rebuilding after Movement Labs’ internal fallout, how the company restructured, and why the new chapter is focused on transparency, community, and global accessibility. He shares insights into how Move Industries handled its market-maker incident, is working on regaining developer trust, and how it retained majority of its team through the transition.

The discussion also dives into how Move Network aims to serve the “unbanked” through mobile-first design, why RWAs and TVL metrics often miss the point, and the company’s developer-first philosophy and new “Move University” initiative are preparing the next generation of builders.

TIMESTAMPS:

00:00 – Intro
01:02 – From Movement Labs to Move Industries: What really happened
02:18 – The market maker fallout and how the team responded
03:25 – Binance investigation, buybacks & rebuilding community trust
04:50 – The emotional toll & decision to stay through the crisis
06:15 – Team resilience and retention through uncertainty
07:50 – Advice from investors and industry peers during turmoil
09:30 – Lessons learned on transparency and rebuilding credibility
10:46 – Why the team sees “Move Industries” as a true fresh start
12:04 – The People’s Chain: banking the unbanked through mobile access
14:26 – Torab’s personal story: from the Bay Area to blockchain
17:10 – Designing real-world crypto use cases for underserved regions
19:02 – Why crypto needs its “Apple Pay moment”
20:36 – Overcoming UX barriers and gas fee limitations
22:22 – Targeting 100M users through better mobile design
25:01 – Building for younger, financially native generations
27:04 – How Move Network is positioning as a sovereign Layer-1
28:25 – Challenges of Move language adoption and developer shortage
30:03 – Launching Move University to train new developers
32:07 – Why RWAs are overhyped and what metrics actually matter
34:12 – Vanity metrics, TVL inflation & measuring real onchain activity
36:09 – The velocity of money as a better health indicator for chains
38:22 – Developer-first initiatives and global activation hubs
40:20 – Move Alliance and financial alignment within the ecosystem
42:10 – Defining success for Move Industries’ next era
44:00 – Building “crypto that doesn’t feel like crypto”
46:02 – Final advice: resilience, relationships, and long-term thinking

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Talking points for the road

Crypto-focused headlines or research that caught my eye…and should catch yours, too.

1. Chanos, Saylor Shift Bitcoin Trade Tactics as Valuations Fade (Bloomberg)

2. Bybit Said to Be in Talks to Buy South Korean Exchange Korbit (CoinDesk)

3. Bitcoin and Ethereum ETFs Shed More Than $1.1 Billion Globally Last Week (Decrypt)

4. Coinbase Launches Platform for Digital Token Offerings…Starting with Monad (WSJ)

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Please note that this content is for informational and entertainment purposes only. Any views shared should not be considered financial advice, nor should it be used to make investment decisions. Cryptocurrencies are high risk and you should consult a financial professional before making any financial decisions. Make sure you do your own research. We may have a direct or indirect financial interest in content mentioned in this newsletter.