Coinspeaker
Rollup Platform AltLayer Raises $14.4M in Funding Round

In these first few weeks of 2024, we’ve seen many exciting projects in the crypto space raise funds and become more publicly visible. The overall air of excitement in the industry has created an environment for promising projects to get the support that they need.

One of the latest of these comes from AltLayer, a rollup-as-a-service platform that recently raised $14.4 million in its latest funding round. This round was co-led by Polychain Capital and Hack VC and saw support from the likes of OKX Ventures, HashKey Capital, Bankless Ventures, and others.

All About AltLayer

While the news of this round was only made public this week, it closed officially in September of last year. The $14.4 million that was raised will be going towards expanding the AltLayer team and improving its infrastructure. And this isn’t the only major milestone that AltLayer has celebrated.

In January 2024, its native ALT token officially hit the market, and several groups of users airdropped some of it. Those who staked on Celestia and EigenLayer, participated in AltLayer campaigns, or held its NFTs were given a collective 300 million ALT tokens, which are valued at $131 mi...