• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business

Layer Raises $6M to Make Incorruptible Foundations of the Internet

11 months ago
in Business, Features, highlights, Home, home-news, latest News, Technology
2 min read
0 0
0
68
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

RelatedPosts

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to Plug Transition Funding Shortfall

Kwesi Appiah: The Ghanaian Legend Rewriting Sudan’s Football Story Amid War

Cadillac Signs Sergio Perez and Valtteri Bottas for 2026 F1 Debut

Layer Raises $6M to Make Incorruptible Foundations of the Internet

A well-functioning internet is something we get to take for granted, thanks to the built-in security protocols carefully designed underneath. Without them, no data could be securely transferred from place to place at the incredible speed required to support the tech industry’s biggest products.
Today, the existing security protocols are struggling to protect users from even bigger threats, specifically the threats posed by large companies, cyberattackers, and AI that manipulate our online experience and erode trust. Blockchain technologies, like smart contracts, are a real hope to restore trust in the internet. However, smart contracts can only use a small amount of compute, putting limits on what they can support. To build great user experiences on a trustworthy Decentralized Web, we need a way to verify computations outside of blockchains, and make unstoppable applications that, once released, cannot be tampered with.
Recently founded startup Layer aims to extend the functionality of Ethereum by making the first developer tools that support full-stack decentralized applications with Web Assembly.
The company has raised a $6M seed round led by 1kx, with participation from Fabric Ventures, Arrington Capital, Stake Capital Group, and IOBC. Notable angels include Sreeram Kannan of EigenLayer, Rok Kopp and Mike Silagadze of Ether.fi, and Paul Taylor, formerly of BlackRock.
Typically, smart contracts are small programs, specially packaged to be run by trustworthy “validators” on the blockchain. However, to power major software products, like web platforms, smartphone apps, and AI models, smart contracts would need to run thousands of lines of software at speeds you would find on a personal device or datacenter server. While many teams are optimizing the performance of blockchains like Ethereum, smart contracts alone are not capable of meeting the high computational demand of many applications.
Layer utilizes Web Assembly, which allows developers to write applications in languages like rust, that can run anywhere – even on your iPhone. Layer’s upcoming product, the “Layer SDK”, will allow developers to build new layers on top of Ethereum that run full-stack blockchain-based applications consisting of smart contracts, consensus mechanisms, UI, and verifiable off-chain services (AI agents, ZK provers, serverless functions, decentralized messaging servers, and more).
This means, for the first time, a software developer can launch sovereign, incorruptible versions of their software products without any sacrifice to the user experience.
The founders, Sam Cassatt, Jake Hartnell, and Ethan Frey are three of the most seasoned builders in the blockchain space. Their combined experience has been instrumental in the proliferation of blockchain technologies like MetaMask wallets, decentralized autonomous organizations (DAOs), and cross-chain protocols.
By making the decision to band together, the founding team hopes to use all the lessons they have learned in blockchain to fulfill one of its biggest promises – to make all experiences on the internet inherently trustworthy, from the UI down to the functionality, through the shared security mechanisms of smart contracts.
“All three of us have realized that, while smart contracts have given us a foundational layer of trust, they aren’t enough to support a full decentralized version of the Internet,” Sam Cassatt, Co-Founder of Layer explains. “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.”
They predict this original ideal, espoused by blockchain’s true believers, will soon be seen as an essential solution to existential threats in our digital world. According to Sam, Jake, and Ethan, the only way to verify the software and data you interact with online has not been manipulated by its creator, its host, a cybercriminal, an AI model, the government, or any other powerful actor would be with a protocol that guarantees trust.
“We are thrilled to back Jake, Sam, and Ethan on their mission to build out the next generation of blockchain infrastructure.” says Wei Dai, Research Partner at 1kx, “Traditional smart contract platforms rely on replicated execution which limits scalability. Layer’s platform and SDK offer the best-in-class scalability, programmability, and configurability for shared-security applications.”
Richard Muirhead, Managing Partner, Fabric Ventures commented: “We at fabric have long been excited to back teams expanding the boundaries of what is possible in crypto and Lay3r are doing exactly that. By defining a new category of shared economic security that spans hybrid off-chain and on-chain worlds, we believe Lay3r can be a Schelling point for new teams looking to build applications taking advantage of these core primitives.” –
The team believes tools like Layer SDK will be the key to mitigating these incredible threats, and make the Decentralized Web the dominant web, complete with all the exciting products the founders have helped to pioneer in blockchain over the last 14 years.
Tags: internetLayerLayer Raises $6M to Make Incorruptible Foundations of the Internet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

No Result
View All Result

Highlights

FEC 2025: Energy Minister Warns African Gov’ts Cannot Sustain Energy Financing Burden; Urges Stronger Private Sector Role in Continent’s Energy Financing

ACEP Pushes for Bold Financing Models to Tackle Africa’s Energy Poverty at FEC 2025

The Rise of Women-Tailored Insurance Policies in Africa

Energy Ministry, NPA Engage Industry on Proposed Petroleum Sector Legislation

President Mahama Targets Billion-dollar Ghana–Singapore Trade in 24-Hour Economy Pitch to Investors

Unpaid Taxes “Very Frightening”, Says Hon. Nana Osei-Adjei

Trending

Energy

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to Plug Transition Funding Shortfall

August 26, 2025

FEC 2025: NRGI Warns Fossil Fuel Investments Risk Undermining Africa’s Energy Transition; Lists Innovative Financing Instruments to...

Kwesi Appiah: The Ghanaian Legend Rewriting Sudan’s Football Story Amid War

August 26, 2025

Cadillac Signs Sergio Perez and Valtteri Bottas for 2026 F1 Debut

August 26, 2025

FEC 2025: Energy Minister Warns African Gov’ts Cannot Sustain Energy Financing Burden; Urges Stronger Private Sector Role in Continent’s Energy Financing

August 26, 2025

ACEP Pushes for Bold Financing Models to Tackle Africa’s Energy Poverty at FEC 2025

August 26, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.