According to TechFlow, the token distribution protocol Layer3 has completed a $15 million Series A financing round, led by ParaFi and Greenfield Capital, with participation from Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber and other companies. The Series A financing brings Layer3's total financing to $21.2 million.
Layer3 is also developing a new AI protocol for optimizing token distribution strategies, which is expected to be launched later this year.
