AltLayer Raises $14.4 Million in Strategic Funding Round for Rollup Solutions
AltLayer Raises $14.4 Million in Strategic Funding Spherical for Rollup Solutions
AltLayer, a rollups platform focusing on blockchain scalability, has raised $14.4 million in a strategic funding spherical.
In step with a social media put up by AltLayer, the fundraising spherical was co-led by Polychain Capital and Hack VC, with the intention of expanding the company’s team and advancing its rollup infrastructure.
Additional participants in the funding incorporated OKX Ventures, HashKey Capital, Bankless Ventures, Breyer Capital among others, contributing to AltLayer’s efforts to fortify blockchain scalability and interoperability.
Landmark Update: AltLayer has secured an spectacular $14.4M from high VCs in a strategic fundraising spherical.
We fly to fresh heights and must clean be unstoppable in our mission to carry restaked rollups & assorted novel Web3 infra to the forefront.https://t.co/45VrQWsKl7 https://t.co/fhqNSUTwL0
— AltLayer (@alt_layer) February 19, 2024
“Infected to enrich the ecosystem, and carry the beefy gamut of capabilities of restaked rollups to life in 2024 & beyond,” talked about AltLayer. “We’re ever grateful and remain committed to constructing continuously – alongside with your increase!”
AltLayer Govt Responds to Staff Mistrust
AltLayer recently navigated thru community concerns following the distribution of a $100 million airdrop, as reported by AltLayer’s Head of Boost. The distribution, which liked certain non-fungible token (NFT) holders, was described as coincidental amidst the backlash.
Essentially based on critiques on social media platform X (beforehand is known as Twitter), the company’s executive outlined the conditions surrounding the airdrop.
The controversy centered on allegations of unfair token distribution, the set opt out customers reportedly obtained as much as $135,000, benefitting vastly from subsequent sales of NFTs.
“Both NFT collections had been dropped as unbiased mint and presented with future token airdrop two years in the past as community engagement actions.,” talked about Head of Boost Dorothy.
“It would possibly possibly possibly perhaps possibly be reasonably fashioned for a degen dealer to rob revenue after queer ticket actions for an illiquid nft series,” talked about Dorothy. “All the things talked about above is verifiable onchain and on my twitter tackle.”
The airdrop’s structure reignited discussions on the equitable distribution of tokens in community airdrops.
While a person spoke back to the put up, suggesting that most effective NFT holders must be eligible for the airdrop, Dorothy seconded this measure and appreciated the increase from the community.
One more Airdrop for Celestia Stakers
AltLayer recently presented the graduation of their “ALT Airdrop Season One” for Celestia stakers, as detailed in a blog put up by the company.
📢Update for all @CelestiaOrg stakers in ALT Season One airdrop.
To individuals which would possibly perhaps possibly be eligible & possess done the registration phase, please present that the claim phase for ALT tokens will happen between:
⏰20 February, 0800 UTC – 5 March, 0800 UTChttps://t.co/MLwskCrRbv
— AltLayer (@alt_layer) February 18, 2024
The claim length for the ALT tokens is determined from Feb. 20, 0800 UTC to March 5, 0800 UTC, 2024. Eligible participants who possess beforehand registered had been instructed to search the advice of with the legitimate claim portal and navigate to the Celestia tab to birth the claim job.
Source : cryptonews.com
