Today, ENSO, the world’s first intent engine driving chain abstraction and an intent-centric future, has announced the successful completion of a funding round valued at over $4.2 million. The funds will be used for ongoing product development, with the aim of launching their L1 cosmos-based blockchain later this year.
Ideo Ventures, Hypersphere, and 60+ angels from Safe, Socket, Titan, Essential, Sygnum, TheGraph, Alchemix, Biconomy, Yearn, Squid, Liquity, Pendle, Everclear, Flashbots, Dune, and many more participated in the round.
Over the past year, ENSO tooling has made approximately $11 billion in on-chain settlements possible, supporting over 35 active projects. With this financing, ENSO can further support the growth of its infrastructure capabilities and the uptake of blockchain and DeFi applications.
Connor Howe of ENSO stated: “ENSO is the connectivity layer of crypto, connecting all ecosystems into a single network, allowing users and application developers to specify their intended results as intents, and enabling the creation of truly composable applications without the need for labor-intensive manual integrations.”
