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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.
AltLayer, an innovative player in the realm of decentralized protocols, has completed a strategic funding round, amassing $14.4 million to bolster its rollup infrastructure. This financial milestone was achieved through the collective efforts of leading investment firms, with Polychain Capital and Hack VC at the helm as co-leaders of the round.
The money raised will be allocated for expanding the AltLayer team and improving its infrastructure
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.
AltLayer has secured $14.4 million in a strategic fundraising round to expand its rollup infrastructure.
Cryptocurrency guru Mikybull Crypto is signaling the start of an altcoin season, citing the upcoming ETH ETF breakthrough as a key catalyst behind it. As Ethereum inches closer to breaking out of the Supertrend bearish zone, Mikybull Crypto shares his strategic picks expected to yield impressive returns, ranging from 5x to 10x throughout 2024.
Binance, a leading crypto exchange, has expanded its trading offerings on the spot platform. It recently three new spot trading pairs for Altlayer (ALT), Treasure (MAGIC), and Sei (SEI).
The crypto market can be as unpredictable as a cat chasing a laser pointer. So, it's essential to keep an eagle eye on tokens that aren't just surviving but thriving. Enter Manta Network (MANTA) and Altlayer (ALT), the dynamic duo of altcoins that's been making waves recently.
The market research platform Layergg shared on X that the AI narrative was gaining attention. This followed a post by Ethereum (ETH) co-founder Vitalik Buterin, which Layergg referenced.
ALT, the native cryptocurrency of the Altlayer blockchain, has witnessed a strong rally since its long launch earlier this month. The Altlayer (ALT) price is up by 8% in the last 24 hours and is currently trading at $0.3452 with a market cap of $380 million.
Within this week's crypto airdrop directory, we find the open and decentralized protocol AltLayer.
At the time of writing this, the market cap of ALT token is almost $400M. Let's take a look at this AltLayer Airdrop news in more detail.
AltLayer recently became the first of at least three protocols to go live with an impressive $100 million token airdrops scheduled for the upcoming week. The launch marks a milestone in the field of blockchain technology, offering promising solutions for Ethereums scalability issues.
AltLayer, a prominent Ethereum scaling solution, has marked a significant milestone by becoming the first of at least three protocols to initiate token airdrops worth over $100 million in the coming week.
AltLayer, a decentralized protocol that enables Ethereum developers to deploy rollups and other scaling solutions, has launched its ALT airdrop.
Another day, another airdrop. About half a million Ethereum wallets can claim the AltLayer (ALT) token now.
The native token of the rollup platform AltLayer went live and began trading on centralized exchanges.
Top global crypto exchange Binance has announced plans to support another new altcoin via its Launchpool platform. Binance Launchpool, which lets users stake coins to farm new assets, says its 45th project will be AltLayer (ALT), an open and decentralized protocol for Ethereum (ETH) rollups.
