Golden Finance reported that the token distribution protocol Layer3 raised $15 million in a Series A round co-led by ParaFi and Greenfield Capital, with participation from Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber and other companies. Layer3 also revealed its previously unannounced $3.7 million in strategic financing, raised in 2022 by Electric, ParaFi, Polygon's Sandeep Nailwal and others. The Series A round brings Layer3's total funding to $21.2 million, and the company also raised $2.5 million in 2021.