According to ChainCatcher, the intent-based blockchain infrastructure project Essential announced the completion of a US$11 million Series A financing round, led by Archetype, with participation from IOSG, Spartan, Mirana, Amber Group, Maven 11, Bodhi Ventures, Big Brain Holdings, Heartcore Capital, Selini, DCLM and PropellerHeads, as well as founders and angel investors from Celestia, Hashflow, Enso, Barter, LI.FI, Astaria, GlueX, Bebop, Sorella, etc.

The new funding will be used to advance Essential’s goal of redesigning blockchain interactions from first principles with a declarative, intent-based architecture, making blockchain technology more intuitive and accessible to developers and users around the world.
At the same time, Essential launched the Pre-Alpha Devnet for early developers to deploy and test declarative applications on Essential without permission.

In addition, Essential has launched Pint, a constraint-based programmable intent language that allows developers to directly constrain the state on the Essential blockchain. In Web3, the open Essential technology stack provides developers with the possibility to experiment in a declarative environment for the first time. The official developer documentation, including the Essential specification, Pint documentation, and quick start guide, is released, inviting developers around the world to test and build on Essential.