Semantic Layer, a developer of MEV infrastructure, completes $3 million seed round led by Figment Capital

According to ChainCatcher, Semantic Layer, a MEV infrastructure developer, announced that it has completed a $3 million seed round of financing, led by Figment Capital, with participation from Hack VC, Robot Ventures and Bankless Ventures.

The Semantic Layer aims to enhance the infrastructure for transaction execution through its Verifiable Aggregation Rules (VAR) and Verifiable Sorting Rules (VSR).

Semantic Layer co-founder Daniel Tong said that the main purpose of this round of financing is to develop Semantic Layer's core products and increase ASS's market awareness.