Semantic Layer raised $3 million in seed funding, led by Figment Capital, to enhance dApp transaction execution with its Verifiable Aggregation and Sequencing Rules tools.
Semantic Layer, a developer of decentralized application (dApp) infrastructure, has secured $3 million in initial financing, which accounts for the entirety of the company’s funding to date.
Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram, and Perridon Ventures provided additional support to the round, which was led by Figment Capital, according to a release shared with The Block.
The Verifiable Aggregation Rules (VAR) and Verifiable Sequencing Rules (VSR) utilities of Semantic Layer are designed to enhance the transaction execution infrastructure. These tools will provide dApps with increased control over the ordering and aggregation of multi-blockchain transactions.
Within the application-specific sequencing (ASS) framework of Semantic Layer, VAR and VSR can also mitigate maximal extractable value (MEV) leakage and enable dApps to detect malicious transactions through “circuit breakers.”
“The primary objective of this funding round is to expand the semantic layer core and increase the market awareness of ASS, which includes sponsoring research and developer discussion events,” stated Daniel Tong, co-founder of Semantic Layer, in an interview with The Block.
