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Crypto Project Secures $3 Million Seed Funding to Enhance dApp Infrastructure

09.10.2024 16:30 1 min. read Alexander Stefanov
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Crypto Project Secures $3 Million Seed Funding to Enhance dApp Infrastructure

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.”

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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