Layer3 announced the completion of a $15 million Series A financing round, led by ParaFi and Greenfield Capital, with participation from Electric Capital, Immutable, Lattice, Tioga, LeadBlock and Amber. It is reported that Layer3 is a token distribution protocol that will launch its tokens and airdrop in the summer. Brandon Kumar, co-founder of Layer3, said that the round of financing started in April and was completed in May. With $3.7 million in strategic financing raised in 2022, plus $2.5 million in financing in 2021, Layer3's total financing has reached $21.2 million. (TheBlock)