Full-stack decentralized development tool developer Layer completes $6 million financing, led by 1kx

ChainCatcher news, according to crowdfundinsider, Layer has completed a $6 million seed round financing, led by 1kx, with participation from Fabric Ventures, Arrington Capital, and IOBC. Angel investors include Sreeram Kannan from EigenLayer, Rok Kopp and Mike Silagadze from Ether.fi, and former BlackRock employee Paul Taylor.

Layer utilizes Web Assembly, allowing developers to write applications in languages like Rust that can run anywhere - even on iPhones. Layer's upcoming product "Layer SDK" enables developers to build new layers on top of Ethereum, running full-stack blockchain applications, including smart contracts, consensus mechanisms, UI, and verifiable off-chain services.