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Epoch Protocol Raises $1.2 Million to Develop Web3 Intent Coordination Layer

According to the company’s official announcement, the pre-seed funding includes support from L2 Iterative Ventures, Alphemy Capital, LongHash Ventures, Safe, and other investors to build seamless intent-driven blockchain interactions.

Summary

Epoch Protocol officially announced it has raised $1.2 million in a pre-seed funding round with backing from L2 Iterative Ventures, Alphemy Capital, G20 Group, LongHash Ventures, Safe, and angel investors. The funds will support the development of an intent coordination layer aimed at simplifying Web3 by transforming fragmented chains, tokens, and protocols into seamless intent-driven interactions.

Terms & Concepts
  • Pre-seed Funding: An early-stage investment round used to fund initial development and business operations before a company’s product is fully built.
  • Web3: A decentralized internet ecosystem based on blockchain technology, enabling peer-to-peer interactions without intermediaries.
  • Intent Coordination Layer: A system that streamlines blockchain interactions by translating user intentions into coordinated actions across multiple networks and protocols.