DApp infrastructure development company Semantic Layer has completed a $3 million seed round of financing, led by Figment Capital, with participation from Hack VC, Robot Ventures, Bankless Ventures, Fenbushi Capital, Anagram and Perridon Ventures. The new financing will be mainly used to develop the Semantic Layer core and increase market awareness of ASS, including sponsoring research and developer discussion activities.
According to reports, Semantic Layer aims to support transaction execution infrastructure through its tools, verifiable aggregation rules (VAR) and verifiable sorting rules (VSR). These tools will enable DApps to better control the sorting and bundling of multi-blockchain transactions. (The Block)