Epoch Protocol, a company from Singapore that helps organize tasks in Web3, has raised $1.2 million in funding.
The funding round was led by L2Iterative Ventures, Alphemy Capital, G20 Group, Longhash Ventures, SAFE, and HadronFC.
Several angel investors also joined, including Anurag Arjun, Prabal Banerjee, Adrian Brink, Matt Wright, Christian Narvaez, Georgi Zlatarev, Harsh Rajat, Denver Dsouza, and Shubham Bhandari.
The company plans to use the funding to speed up its engineering and development work and to grow its partnerships within the ecosystem.
It will also use the money to launch a phased public testnet that brings in developers, node operators, and solver contributors.
Epoch Protocol is a platform that helps manage tasks in Web3 by using “intents” to simplify complex actions across multiple blockchains.
The idea is to let users say what they want to achieve without worrying about how blockchains, protocols, gas fees, or execution steps work.
The protocol then determines the best way to achieve the user’s goal by finding the optimal rates and routes using its intent system.
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