Layer is a startup that provides blockchain-based infrastructure. It has raised 6 million dollars for the creation of developer tools to support decentralized full stack applications.
A layer is a blockchain Infrastructure startup has raised 6 million dollars in a round of funding led by Fabric Ventures with the participation of Arrington Capital and Stake Capital Group.
According to a crypto.news press release, the company plans to spend the money to enhance the functionality of Ethereum Web Assembly is a set of developer tools designed to support decentralized full stack applications.
Layer, founded by blockchain experts Sam Cassatt and Jake Hartnell with Ethan Frey as a co-founder, is designed to allow developers to create more complex, decentralized apps that use off-chain computing to overcome the current limitations of smart contracts. Layer’s SDK will enable applications to combine off-chain technologies like AI agents, decentralized messaging services and blockchain security.
“We wanted to complete the full narrative arc of decentralized architecture, and give the world the tools necessary to build any application, with any performance requirements in this trust-minimized way.”
Sam Cassatt is the co-founder and CEO of Layer
Layer secures angel investment to build a full stack Ethereum SDK
Sreeram Kannan of EigenLayer received funding as did Mike Silagadze from Ether.fi and Paul Taylor, a former BlackRock executive. According to the team, their product will be called The “Layer SDK,” The new layer will enable developers to run a full stack blockchain application consisting of UIs, smart contracts and consensus mechanisms.
As concerns about hidden smart contract vulnerabilities grow, bad actors are increasingly using them to lure their victims. Analysts at Trugard Labs, a blockchain company founded in late September, discovered a vulnerability that could be exploited by bad actors to lure victims. identified Base has identified over 34,000 vulnerabilities that are high risk. Ethereum has also been hacked with hidden updates to balances and manipulations of minting. BNB Chain Binance Smart Chain (BSC) is still available, but in fewer numbers.
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Source: crypto.news
