According to BlockBeats, Layer3, a token distribution protocol, has successfully raised $15 million in a Series A funding round. The round was jointly led by ParaFi and Greenfield Capital. Other participants in the funding round included Electric Capital, Immutable, Lattice, Tioga, LeadBlock, and Amber.
The successful funding round marks a significant milestone for Layer3 as it continues to develop and expand its token distribution protocol. The funds raised will be used to further enhance the protocol and expand its reach in the market.
The participation of notable investors such as ParaFi, Greenfield Capital, and Electric Capital underscores the potential of Layer3's token distribution protocol in the rapidly evolving digital asset market. The support from these investors will provide Layer3 with the necessary resources to continue its growth and innovation in the sector.