$ALT AltLayer announced the completion of a $14.4 million strategic funding round led by Polychain Capital and Hack VC. This means that AltLayer has attracted significant investment from these leading funds, which can be considered a positive signal for the project.
Such funding can help AltLayer develop its platform and promote its products and services. Large investments can also increase the credibility of the project and attract more attention from investors.
Typically, such funding news can create a positive sentiment around the project, which can lead to increased demand for the coin and therefore an increase in its price.
They also mentioned expanding their global team and developing key projects. This indicates the growth and development of the project.
