[Former Movement Labs Co-Founder Launches Nyx Group, Plans $100 Million Investment to Support Token Projects] BlockBeats news, December 11, according to The Block, former Movement Labs co-founder Rushi Manche and several unnamed partners have launched Nyx Group. Nyx Group plans to inject up to $100 million into liquidity markets while providing operational support to founders of token issuance projects. Nyx Group has been operating for several months and has made some initial investments, though specific details have not been disclosed. The funds are expected to be deployed over the coming years. Rushi Manche previously co-founded Movement Labs. Earlier this year, Manche was involved in a controversial market-making arrangement related to 66 million MOVE tokens (approximately 5% of the total supply), which led to Movement Labs terminating its partnership with Manche.