Layer, an rising startup targeted on enhancing web safety by means of decentralized purposes, has efficiently raised $6 million in seed funding led by 1kx, with extra assist from Cloth Ventures, Arrington Capital, Stake Capital Group, and IOBC. Notable angel traders embody Sreeram Kannan of EigenLayer, Rok Kopp, Mike Silagadze of Ether.fi, and Paul Taylor, previously of BlackRock. This funding marks a big step in Layer’s mission to increase Ethereum’s capabilities for full-stack decentralized purposes utilizing Internet Meeting.
As cyber threats from massive companies, attackers, and AI proceed to escalate, Layer goals to leverage blockchain applied sciences, reminiscent of good contracts, to revive belief in on-line interactions. Nonetheless, current good contracts face limitations in computational capability, which may hinder person expertise. Layer’s revolutionary method focuses on enabling builders to construct extra advanced purposes with out compromising efficiency.
The forthcoming Layer SDK will permit builders to create decentralized purposes that mix good contracts, consensus mechanisms, person interfaces, and verifiable off-chain companies, reminiscent of AI brokers and decentralized messaging servers. This groundbreaking functionality will empower builders to launch autonomous software program merchandise that keep person expertise integrity.
Layer’s founders—Sam Cassatt, Jake Hartnell, and Ethan Frey—are seasoned consultants within the blockchain sector, having contributed to the event of vital applied sciences like MetaMask wallets and decentralized autonomous organizations (DAOs). Their mixed experience is geared towards fulfilling blockchain’s promise of making inherently reliable on-line experiences.
Cassatt emphasised the need of enhancing good contracts to assist a totally decentralized web, stating, “Whereas good contracts have supplied a foundational layer of belief, they aren’t ample for an entire decentralized structure.”
Traders are optimistic about Layer’s potential to redefine blockchain infrastructure, with Wei Dai of 1kx noting the platform’s superior scalability and programmability in comparison with conventional good contract platforms. Richard Muirhead from Cloth Ventures echoed this sentiment, highlighting Layer’s capability to bridge off-chain and on-chain environments, thus establishing a brand new commonplace for shared financial safety.
Because the digital panorama turns into more and more advanced, Layer’s instruments are poised to mitigate existential threats and foster the rise of a decentralized internet, paving the best way for revolutionary purposes that uphold belief and safety on-line.
