The world of cryptocurrency is buzzing with exciting news. Layer3, a trailblazer in the blockchain space, has just secured $15 million in a Series A funding round. This brings their total funding to an impressive $21.2 million, highlighting the confidence investors have in their innovative approach. Layer3’s groundbreaking omnichain identity and distribution protocol is set to transform how crypto users discover and earn rewards, making it a game-changer in the decentralized finance (DeFi) landscape. Let’s dive into what makes Layer3 so special and why this funding boost is such a big deal.
What Is Layer3 and Why Is It So Exciting?
Layer3 has created an omnichain identity and distribution protocol. This helps crypto users discover new projects and earn rewards. By collecting user activity from multiple chains and dApps, Layer3 gives a complete view of a user’s on-chain identity. This makes token distribution more targeted and efficient.
How Does Layer3 Help Crypto Projects?
Layer3 helps crypto protocols grab user attention, which is often taken by big tech companies. They allow projects to deliver tokens to users based on things like time, asset ownership, on-chain activity, and social engagement. This ensures tokens reach the right users at the right time.
Impressive Reach and Support
Layer3 is already used by over 100 crypto teams. It has served more than 3 million unique users in 120 countries and supports 25 different blockchains.
Big Names Believe in Layer3’s Vision
The latest funding round was co-led by ParaFi and Greenfield Capital. Claude Donzé from Greenfield Capital believes Layer3 can change on-chain value distribution by solving key challenges for both users and Web3 projects.
