BlockBeats news, on October 9, according to The Block, MEV infrastructure developer Semantic Layer announced the completion of a $3 million seed round of financing, led by Figment Capital, with participation from Hack VC, Robot Ventures and Bankless Ventures.
Semantic Layer is designed to enhance the infrastructure for transaction execution through its Verifiable Aggregation Rules (VAR) and Verifiable Sorting Rules (VSR). Daniel Tong, co-founder of Semantic Layer, said that the main purpose of this round of financing is to develop Semantic Layer’s core products and increase ASS’s market visibility.
