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Essential, an intent-based encryption infrastructure company, completed a $5.15 million seed round led by Maven11
2023-09-21 08:14
Odaily News Essential, an intent-based encryption infrastructure company, completed a $5.15 million seed round of financing, led by Maven11, with participation from Robot Ventures, Karatage, Batuhan Dasgin, Skip, James Prestwich, Brandon Curtis, and Eclipse founder Neel Somani. According to the announcement, the core infrastructure Essential is currently building includes an intent standard for Ethereum, a domain-specific language (DSL) for intent expression, and a “fully intent-centric blockchain protocol.” Since closing its seed round in April, the startup designed and proposed an ERC to bring composability to intent-focused products on Ethereum and other EVM chains while making significant progress on DSL ”, which will form the basis of its planned agreement. (The Block)