On November 1st, Phylax Systems, a security agreement, completed a $4.50 million seed round of financing. This round of financing was led by Nascent and Figment Capital, and other investors included: Robot Ventures, Hash3, Bankless Ventures, Breed VC, Public Works, Banteg, Hari Mulackal, Laurence Day, Ryan Lackey, Nic Carter, Nader Dabit, Eric Wall, etc. Phylax Systems is a security protocol designed to solve cryptographic security challenges. Phylax Systems will build The Credible Layer, a proactive hack prevention protocol that allows dApps to define hack prevention rules and communicate them to the blockchain builder, specifying the state they want to prevent and take action before a hack occurs.