🎉 Essential has just secured $11.00M in its latest funding round! 🎉
🔹About: Essential crypto project is pioneering an innovative approach to blockchain technology by introducing an "intent-centric, declarative approach". Unlike traditional blockchains that rely on explicit transaction instructions, Essential leverages user “intents” to express desired outcomes. These intents are processed off-chain by a network of solvers, reducing on-chain computation and enhancing scalability. This shift from an imperative to a declarative model aims to improve user and developer experience by simplifying interactions and addressing many UX issues inherent in transaction-based systems. Essential recently raised $11 million in Series A funding, led by Archetype, to further develop this technology. The project also introduces “Pint,” a new language for programmable intents, enabling developers to build more efficiently on the blockchain. By focusing on user intents, Essential seeks to create a more intuitive and scalable blockchain ecosystem🚀
🔹 Lead Investors: The Spartan Group, Maven 11 Capital, IOSG Ventures, Mirana Ventures and many more.
🔹 Total Raised: $16.15M.
🔹 Project Category: Declarative intent-centric Layer-2 blockchain.
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