Layer secures $6 million in funding to enhance developer tools and strengthen blockchain security for decentralized apps on Ethereum.
Funding Boost for Layer Blockchain Infrastructure
Blockchain startup Layer has secured $6 million in funding, aimed at developing tools to combat online fraud. The startup, known for its focus on Ethereum-based decentralized applications, received backing from key investors like 1kx, Fabric Ventures, and Arrington Capital.
Layer’s Innovative Tools for Developers
The startup plans to enhance Ethereum’s capabilities with new developer tools. These tools aim to enable more complex decentralized applications. By integrating off-chain services like AI and decentralized messaging, Layer’s SDK will offer developers the flexibility to combine blockchain security with off-chain computation.
Addressing Vulnerabilities in Smart Contracts
Concerns over vulnerabilities in smart contracts continue to rise. In response, Layer is prioritizing the development of robust security measures. Trugard Labs recently detected over 34,000 high-risk vulnerabilities, highlighting the growing threat of hidden flaws.
Layer SDK to Revolutionize Ethereum Development
Layer’s forthcoming product, the Layer SDK, will help developers build full-stack applications on Ethereum. This will integrate smart contracts, consensus mechanisms, and UI while addressing performance challenges. Angel investors, including notable figures like Sreeram Kannan of EigenLayer, also support this vision.
Future Outlook for Blockchain Security
Its seed funding marks a significant step toward securing blockchain ecosystems from fraud. As the blockchain industry expands, startups like Layer are critical in mitigating risks associated with decentralized platforms.
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