MEV infrastructure developer Semantic Layer has completed a $3 million seed round financing, led by Figment Capital

ChainCatcher news, MEV infrastructure developer Semantic Layer announced the completion of a $3 million seed round financing, led by Figment Capital, with participation from Hack VC, Robot Ventures, and Bankless Ventures.

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

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