- Additional funding was given by Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram, and Perridon Ventures.
- In order to give dApps more control over multichain transaction ordering and bundling, Semantic Layer seeks to strengthen transaction execution infrastructure.
Semantic Layer, a creator of decentralized application (dApp) infrastructure, raised $3 million in startup money, making up the total amount of cash the company has received thus far.
Figment Capital led the round, which also received participation from Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram, and Perridon Ventures.
With its technologies, Verifiable Sequencing Rules (VSR) and Verifiable Aggregation Rules (VAR), Semantic Layer seeks to strengthen transaction execution infrastructure. dApps will have more control over the ordering and bundling of multi-blockchain transactions thanks to these technologies.
Together with reducing maximal extractable value (MEV) leakage, VAR and VSR operate within the application-specific sequencing (ASS) framework of Semantic Layer, enabling dApps to detect harmful transactions through the use of “circuit breakers.”
Semantic Layer co-founder Daniel Tong said that the primary goals of this investment round are to improve the market awareness of ASS and build the semantic layer core. This includes funding research and developer discussion events.
Disclaimer : This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
