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news-imageFebruary 19, 2024

AltLayer Raises $14.4M to Enhance Blockchain Scalability and Governance Through Restaked Rollups

TL;DR AltLayer secures $14.4 million in strategic funding led by Polychain Capital and Hack VC. Introduction of “restored rollups” to improve the scalability and sustainability of blockchains. Collaboration with renowned firms and launch of the ‘ALT' token to drive interoperability and governance in their ecosystem.
Publisher: Crypto Economy
Sentiment: Positive
ALT

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AltLayer Raises $14.4M Led by Polychain and Hack VC

OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG, and TRGC were also part of the funding round, which concluded in September 2023, as per a statement released today. Previously, in 2022, AltLayer had secured $7.2 million in a seed funding round.

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