Token distribution protocol Layer3 secured $15 million in a Series A funding round led by ParaFi and Greenfield Capital, supported by Electric Capital and others. Co-founder Brandon Kumar announced the funding, structured with equity and token warrants, without disclosing valuation details. Layer3, known for optimizing token distribution, plans a summer launch for its L3 token and airdrop. The project aims to enhance user engagement with a new AI-enabled protocol later this year.
