Essential Project Introduction, Team, Financing and News

Performances

RD Popularity Index

336.45% (24h)

0100200300400500

Project Rank: 1589/15432

RD Growth Index

1241.22% (24h)

0400800120016002000

Project Rank: 4259/15432

Comparison

Team

Grant Gerber

Head of Growth

Fundraising

Round	Amount	Valuation	Date	Source	Investor
Series A	$ 11M	--	Aug 13, 2024	--	AArchetype AAmber Group MMaven 11 MMirana Ventures IIOSG Ventures TThe Spartan Group BBodhi Ventures BBig Brain Holdings HHeartcore SSelini Capital PPropellerHeads DDCLM
Seed	$ 5.15M	--	Sep 21, 2023	--	MMaven 11 RRobot Ventures KKaratage SSkip Protocol JJames Prestwich NNeel Somani BBatuhan Dasgin BBrandon Curtis

Related News

Sep 11, 2024

Blockchain infrastructure Essential completes $11 million Series A funding, led by Archetype.

Follow Updates

Follow Lists

People

About Essential

Details

Essential is an intent-centric declarative blockchain protocol and the first executionless blockchain. It replaces transaction instructions with constraints: users sign intents expressing desired outcomes, developers define application logic in the Pint constraint-based language, and solvers compete to find optimal state updates that satisfy constraints and bundle them into blocks. This avoids state drift and failed transactions, improving throughput and verifiability. The project also proposes an intent-centric account abstraction standard for EVM and plans a modular intent layer for cross-chain intent execution and MEV resistance.

Tags:

DeFi

Intent

MEV

Founded:

2023

Location:

Canada

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