Vlayer, a blockchain startup, has raised $10 million in a pre-seed round. The company aims to develop ‘Solidity 2.0,’ a verifiable data infrastructure that will allow developers to verify and integrate real-world data in Ethereum smart contracts. The startup was founded by a team of engineers and executives from tech companies such as Apple, Google, and Amazon.
Vlayer is a Singapore-based company that was founded in 2014 by a team of engineers and executives from tech companies such as Apple, Google, and Amazon. The company aims to develop ‘Solidity 2.0,’ a verifiable data infrastructure that will allow developers to verify and integrate real-world data in Ethereum smart contracts.
The startup has raised $10 million in a pre-seed round, led by a16z Crypto Startup Accelerator (CSX), Credo Ventures, and BlockTower Capital. Vlayer plans to use the funds to build out its team and develop its products. The startup’s goal is to make it easier for developers to integrate real-world data into Ethereum smart contracts.
The company believes that its technology will help to address some of the key challenges facing the blockchain industry, such as scalability and interoperability. Vlayer’s technology will be based on a new programming language that it has developed called ‘Solidity 2.0.’ The language will be compatible with the Ethereum Virtual Machine (EVM) and will allow developers to create smart contracts that are more efficient and secure.
The startup’s technology will also include four new features: time travel, teleportation, web attestation/zkTLS, and email attestation/ZK emails. Time travel will allow developers to execute smart contracts using historical on-chain data. Teleportation will enable contracts to be run between multiple EVM-compatible networks.
Web attestation/zkTLS will allow developers to verify and integrate web content, including APIs and websites. Email attestation/ZK emails will allow developers to access and verify email content. Vlayer’s technology could have a number of applications in the blockchain industry. For example, it could be used to create more efficient and secure smart contracts.
It could also be used to create more interoperable blockchain networks. The startup’s technology is still in the early stages of development, but it has the potential to be a game-changer for the blockchain industry.