Layer3 Raises $15M in Series A Funding for Development of Omnichain Identity and Distribution Protocol
Layer3, a company that has developed an omnichain identity and distribution protocol, has raised $15 million in Series A funding, bringing the total amount raised to $21.2 million. The funding round was led by ParaFi and Greenfield Capital, with participation from several other investors. Layer3 plans to use the funds to expand its operations and development efforts. The company's protocol allows for targeted and efficient distribution of tokens to users based on a variety of criteria, and has already been adopted by several crypto teams.
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