Crypto Project Secures $3 Million Seed Funding to Enhance dApp Infrastructure
09.10.2024 16:30 1 min. read Alexander Stefanov
The infrastructure developer for decentralized applications (dApps), Semantic Layer, has successfully secured $3 million in seed funding, marking the company's total financing to date.
Led by Figment Capital, the funding round also attracted investment from Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram, and Perridon Ventures.
Semantic Layer’s mission is to enhance transaction execution infrastructure by introducing tools such as Verifiable Aggregation Rules (VAR) and Verifiable Sequencing Rules (VSR).
These innovations will provide dApps with improved capabilities for managing the ordering and bundling of transactions across multiple blockchains.
By functioning within Semantic Layer’s application-specific sequencing (ASS) framework, VAR and VSR aim to mitigate maximal extractable value (MEV) leakage and enable dApps to identify and respond to malicious transactions through mechanisms known as “circuit breakers.”
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