TechFlow reports that Essential, a company building intent-based encryption infrastructure, has raised $5.15 million in seed funding led by Maven11, with participation from Robot Ventures, Karatage, Batuhan Dasgin, Skip, James Prestwich, Brandon Curtis, and Neel Somani, founder of Eclipse.
According to the announcement, Essential is currently developing core infrastructure including an intent standard for Ethereum, a domain-specific language (DSL) for expressing intents, and a "fully intent-centric blockchain protocol."
Since closing its seed round in April, the startup has designed and proposed an ERC to enable composability for intent-centric products on Ethereum and other EVM-compatible chains, while also making "significant progress" on the DSL, which will form the foundation of its planned protocol.
