Foresight News reports that the security protocol Phylax Systems has completed a $4.5 million seed round financing. This round was led by Nascent and Figment Capital, with other participants including: Robot Ventures, Hash3, Bankless Ventures, Breed VC, Public Works, Banteg, Hari Mulackal, Laurence Day, Ryan Lackey, Nic Carter, Nader Dabit, Eric Wall, and others.
Phylax Systems is a security protocol designed to address challenges in crypto security. Phylax Systems will build a proactive hacker prevention protocol called The Credible Layer, allowing dApps to define rules for preventing hacker attacks and communicate them to blockchain builders, specifying the states they want to prevent and taking measures before a hack occurs.