Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Figment Capital leads $3 million seed round for Semantic Layer

Figment Capital leads $3 million seed round for Semantic Layer

The Block2024/10/07 16:00
By: The Block
Quick Take Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram and Perridon Ventures provided additional support. Semantic Layer aims to bolster transaction execution infrastructure to give dApps more control over multichain transaction ordering and bundling.
Figment Capital leads $3 million seed round for Semantic Layer image 0

The decentralized application (dApp) infrastructure developer Semantic Layer raised $3 million in seed financing, which comprises the firm's total funding to date.

Figment Capital led the round, which saw additional support from Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram and Perridon Ventures, according to a release shared with The Block.

Semantic Layer aims to bolster transaction execution infrastructure with its tools, Verifiable Aggregation Rules (VAR) and Verifiable Sequencing Rules (VSR). These tools will give dApps more control over multi-blockchain transaction ordering and bundling.

VAR and VSR, working within Semantic Layer's application-specific sequencing (ASS) framework, can also reduce maximal extractable value (MEV) leakage and allow dApps to catch malicious transactions via "circuit breakers."

"The main purpose of this funding round is to develop the semantic layer core and enhance the market awareness of ASS, including sponsoring research and developer discussion events," Semantic Layer co-founder Daniel Tong told The Block.


Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,835.06
+0.46%
Ethereum
Ethereum
ETH
$4,738.44
+5.01%
XRP
XRP
XRP
$3.11
+2.27%
Tether USDt
Tether USDt
USDT
$1
+0.02%
Solana
Solana
SOL
$242.92
+3.26%
BNB
BNB
BNB
$925.71
+2.25%
USDC
USDC
USDC
$0.9997
-0.00%
Dogecoin
Dogecoin
DOGE
$0.2808
+7.52%
TRON
TRON
TRX
$0.3534
+1.33%
Cardano
Cardano
ADA
$0.9264
+2.78%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter