According to crowdfundinsider, Layer has completed a $6 million seed round of financing, led by 1kx, with participation from Fabric Ventures, Arrington Capital and IOBC. Angel investors include Sreeram Kannan of EigenLayer, Rok Kopp and Mike Silagadze of Ether.fi, and former BlackRock employee Paul Taylor.

It is reported that Layer uses Web Assembly to allow developers to write applications in languages ​​such as rust that can run anywhere, even on the iPhone. Layer's upcoming product "Layer SDK" allows developers to build new layers on top of Ethereum and run full-stack blockchain applications, including smart contracts, consensus mechanisms, UIs, and verifiable off-chain services.