42 (Semantic Layer) 24-hour pump 21.32%

Gate News Bot news, on October 31, according to CoinMarketCap data, as of the time of writing, 42 (Semantic Layer) is currently priced at $0.14, having risen 21.32% in the last 24 hours, with a peak of $0.31 and a low of $0.11. The current market capitalization is approximately $20.9 million, an increase of $3.66 million compared to yesterday.

Semantic Layer is a project dedicated to bringing better incentive mechanisms to decentralized applications (dApps), aiming to achieve MEV internalization and sorting sovereignty. The project has received support from several well-known investment institutions, including Figment Capital, Hack VC, and Robot Ventures. Semantic Layer improves the welfare of users and developers through its programmable MEV supply chain, achieving fairer MEV distribution and enhanced security.

Important news about the Semantic Layer recently:

1️⃣ Completed $2 million Series A financing to promote project development Semantic Layer announced on October 31 that it has completed a $2 million Series A financing round, led by Greenfield Capital. This round of financing brings the total funding for Semantic Layer to $5 million. The newly obtained funds will be used to promote the development of on-chain artificial intelligence autonomy, as well as to achieve autonomous sorting rights for agents, decentralized applications, and assets. This injection of funds will provide Semantic Layer with more resources to accelerate its technology development and market expansion.

2️⃣ Continuously gaining favor from investment institutions, showcasing project potential Semantic Layer has completed consecutive rounds of financing in a short period, demonstrating the high recognition of its technology and development prospects by investors. Following the completion of a $3 million seed round on October 9, it secured another $2 million in Series A funding just 22 days later, reflecting the project's leading position and innovative capabilities in the MEV infrastructure sector. This continuous financial support helps Semantic Layer consolidate its market position and attract more developers and users to participate in its ecosystem.

3️⃣ Focus on on-chain AI autonomy, leading the direction of industry innovation The Semantic Layer will use the new financing to promote the development of on-chain artificial intelligence autonomy, a strategic positioning that closely follows the cutting-edge trend of the integration of blockchain and artificial intelligence. By achieving autonomous sorting rights for agents, dApps, and assets, the Semantic Layer is expected to create a more efficient and fair trading environment in decentralized networks, providing key infrastructure support for future Web3 applications.

From a technical perspective, the 21.32% rise of Semantic Layer (42) in the past 24 hours may be directly related to its latest financing news. However, considering its small market capitalization, investors should remain cautious of potential high volatility risks. The continued success of the project's financing may maintain positive market sentiment in the short term, but long-term development still depends on the practical application of its technology and ecosystem.

This message is not intended as investment advice; investors should be aware of market volatility risks.