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Essential - Series A
Overzicht
Financieringsdatum
August 13, 2024
Financieringsbedrag
$11M
Waardering
--
Categorie
Subcategorie
Over Essential - Series A
Investeerders
| Investeerders | Type | Locatie | Jaar Opgericht | #Portfolio Bedrijven | E-mailadres | Sociale Media |
|---|---|---|---|---|---|---|
| Fund | United States of America | 2021 | 42 | -- | ||
| Fund | Hong Kong | 2017 | 109 | [email protected] | ||
| Fund | Singapore | 2018 | 186 | [email protected] | ||
| Fund | -- | -- | 104 | -- | ||
| Fund | Hong Kong | 2017 | 103 | [email protected] | ||
| Fund | Netherlands | 2015 | 78 | [email protected] | ||
| Fund | United States of America | -- | 147 | -- | ||
| Foundation | Unknown | -- | 3 | -- |
Oprichters & Team
Liesl Eichholz
Simon Roberts
Bedrijfsprofiel / Project Introductie
Essential is a blockchain startup developing an intent-centric or declarative Ethereum Layer 2 network as an Optimistic rollup. Unlike traditional blockchains that use a transaction-based model (where users provide exact instructions), Essential employs an intent-based model (where users specify the desired outcome). As a Layer 2, Essential handles user intents off-chain using "specialized solvers" to make the process more efficient. This approach seeks to improve the user experience, reduce the on-chain workload and enhance scalability.
Founded earlier this year, Essential is trying to rewire transaction supply chains in crypto to minimize value extraction by what it describes as "rent-seeking intermediaries," for the benefit of users.