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.”
A roundtable event focused on cryptocurrency regulations is set to take place on Friday, March 21, with industry leaders convening for discussions with the SEC’s cryptocurrency Task Force.
Before stepping into his role as the Trump administration’s key advisor on artificial intelligence (AI) and cryptocurrency, David Sacks divested a substantial portion of his investments tied to digital assets.
MoonPay, a leading Web3 infrastructure provider, has expanded its capabilities with the acquisition of Iron, a developer specializing in stablecoin infrastructure.
Pavel Durov, the founder of Telegram, has reportedly left France and moved to Dubai after receiving court approval.