{"id":12828,"date":"2024-02-20T09:43:14","date_gmt":"2024-02-20T09:43:14","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=12828"},"modified":"2024-02-20T09:43:14","modified_gmt":"2024-02-20T09:43:14","slug":"altlayer-raised-14-4-million-in-investment-round","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/altlayer-raised-14-4-million-in-investment-round\/","title":{"rendered":"AltLayer Raised $14.4 Million in Investment Round!"},"content":{"rendered":"<p>The collection platform <strong>AltLayer<\/strong>, in the strategic funding round led by <strong>Polychain Capital<\/strong> and <strong>Hack VC<\/strong> jointly, has raised <strong>$14.4 million<\/strong>.<\/p>\n<p><strong>OKX Ventures<\/strong>, <strong>HashKey Capital<\/strong>, <strong>Bankless Ventures<\/strong>, <strong>Primitive Ventures<\/strong>, <strong>SevenX<\/strong>, <strong>Mask Network<\/strong>, <strong>IOSG<\/strong>, and <strong>TRGC<\/strong> participated in the round in 2023.<\/p>\n<p>According to the announcement, the new capital will be used to expand the <strong>AltLayer<\/strong> team and further develop the fundraising infrastructure. However, the team did not announce what valuation was reached.<\/p>\n<p>This rise came after AltLayer launched its token last month and rewarded those who staked on <strong>Celestia<\/strong> and <strong>EigenLayer<\/strong>, the owners of AltLayer&#8217;s NFTs, and those who participated in community campaigns.<\/p>\n<p>The first airdrop constituted approximately <strong>300 million <a href=\"https:\/\/coinengineer.net\/blog\/what-is-altlayer-alt-binances-new-launchpool-project\/\" target=\"_blank\" rel=\"noopener\">ALT<\/a> token<\/strong> ($141 million) or 3% of the total supply, and <strong>83%<\/strong> of the tokens were claimed.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_71 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/coinengineer.net\/blog\/altlayer-raised-14-4-million-in-investment-round\/#What_is_AltLayer\" title=\"What is AltLayer?\">What is AltLayer?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/coinengineer.net\/blog\/altlayer-raised-14-4-million-in-investment-round\/#What_Does_It_Do\" title=\"What Does It Do?\">What Does It Do?<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_is_AltLayer\"><\/span>What is AltLayer?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>AltLayer<\/strong> is a fully open and decentralized protocol developed for many <strong>Roll-ups<\/strong>. AltLayer offers innovations such as high security, interoperability, and decentralization.<\/p>\n<p>The project has developed this opportunities through a system called <strong>Restaked Roll-up<\/strong>. Thanks to Restaked, Roll-ups can be produced in the fastest and safest way by using Roll-up stacks such as <strong>OP Stack<\/strong>, <strong>Arbitrum Orbit,<\/strong> <strong>ZKStack<\/strong>, <strong>Polygon CDK<\/strong>. In addition, the EigenLayer restaking mechanism is used in this system to create a decentralized network.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Does_It_Do\"><\/span>What Does It Do?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Restaked Roll-ups in the project use the system of Actively Verified Services <strong>(<\/strong><strong>A<\/strong><strong>V<\/strong><strong>S)<\/strong>. They are divided into 3: VITAL (AVS for Decentralized Verification), MACH (AVS for Fast Results), SQUAD (AVS for Decentralized Ranking).<\/p>\n<p>It is exactly such a protocol that offers many opportunities to its users. There is an opportunity for non-developers and users who do not know how to code to produce customized Roll-ups in a very short time like 2 minutes.<\/p>\n<hr \/>\n<div>\n<div class=\"content\" tabindex=\"0\">\n<div class=\"ac-container ac-adaptiveCard\">\n<div class=\"ac-textBlock\">\n<div>\n<div>\n<div>\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<div class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">\n<p class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><em class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/t.me\/coinengineernews\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Telegram<\/strong>,\u00a0<\/a><a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/www.youtube.com\/@CoinEngineer\" target=\"_blank\" rel=\"noreferrer noopener\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">YouTube<\/strong><\/a>\u00a0and\u00a0<a class=\"darkmysite_style_txt_border darkmysite_style_link darkmysite_processed\" href=\"https:\/\/twitter.com\/coinengineers\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\"><strong class=\"darkmysite_style_txt_border darkmysite_processed\" data-darkmysite_alpha_bg=\"rgba(0, 0, 0, 0)\">Twitter<\/strong><\/a> channels for the latest news and updates.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The collection platform AltLayer, in the strategic funding round led by Polychain Capital and Hack VC jointly, has raised $14.4 million. OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG, and TRGC participated in the round in 2023. According to the announcement, the new capital will be used to expand the AltLayer<\/p>\n","protected":false},"author":1,"featured_media":12827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,2],"tags":[3671,4512,1600,3652,4511,4516,4515,103,1241,4513,4510,4514,4509],"class_list":["post-12828","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-news","tag-altlayer","tag-bankless-ventures","tag-celestia","tag-eigenlayer","tag-hashkey-capital","tag-iosg","tag-mask-network","tag-nft","tag-okx-ventures","tag-primitive-ventures","tag-roll-ups","tag-sevenx","tag-squad"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>AltLayer Raised $14.4 Million in Investment Round! - Coin Engineer<\/title>\n<meta name=\"description\" content=\"The collection platform AltLayer, in the strategic funding round led by Polychain Capital and Hack VC jointly, has raised $14.4 million.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/altlayer-raised-14-4-million-in-investment-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"AltLayer Raised $14.4 Million in Investment Round! 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