According to media reports, Layer3 completed a new round of funding on 2021-09-29. the investors in this funding round include ParaFi Capital,Electric Capital,6th Man Ventures,Lattice Capital,Red Beard Ventures,Kain Warwick,Balaji Srinivasan,Kinjal Shah,Tony Sheng,Jordan Momtazi and others. Following this round, Layer3's total funding reached $25 M.
Layer3 is an omnichain identity and distribution protocol, where crypto consumers discover new projects, and projects reward their onchain activity. By aggregating user activity across multiple chains and dApps, Layer3 generates a unified view of a user’s onchain identity and enables highly targeted, efficient distribution of tokens. Projects building on Layer3 can programmatically route tokens to the right users at the right time based on a variety of criteria like temporal triggers, asset ownership, onchain activity, credentials, social graph, and quest engagement.