AltLayer has secured $14.4 million in a strategic fundraising round to expand its rollup infrastructure.
Rollups platform AltLayer has raised $14.4 million in a strategic funding round co-led by Polychain Capital and Hack VC.
The fresh capital will be used to expand AltLayer’s team and further develop its rollup infrastructure, according to the statement. AltLayer didn't disclose the valuation. The project also plans to introduce what are known as “restaked rollups” — Layer 2 projects that leverage EigenLayer’s restaking mechanism to bootstrap network security.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Newsom visits Oakland to announce $14 million homeless housing grantThe money comes from the state’s $3.75 billion Homekey program.
Read more »
A Shopper in Their 50s Said This Now-$14 Retinol Serum Plumped Their “Droopy Cheeks”Ebanel’s Retinol Peptide Serum makes skin look younger and brighter, according to shoppers. Shop it on sale for $14 on Amazon.
Read more »
The World’s Most Important Industry Has a New Captain—and She’s Piloting It Into the 21st CenturyMeet Marina Hadjipateras: Greek shipping heiress, successful venture capitalist, and the woman trying to transform the $14 trillion shipping industry.
Read more »
The One Internet Hack That Could Save EverythingIt’s so simple: Axe 26 words from the Communications Decency Act. Welcome to a world without Section 230.
Read more »
Ethereum's Buterin Reveals Genius Hack to Beat DeepfakesEthereum cofounder Vitalik Buterin introduced groundbreaking security method
Read more »
MTA grasps at solution after ‘hack’ against heavily-mocked subway fare gates goes viralEuropean-style train hit the Big Apple subway system Thursday — but some straphangers were ready to close the door on the experimental cars’ “open gangway” design. The first passengers were enamored with the shiny C-line cars’ bright lights and digital screens, but divided over the cutting-edge accordion layout as the Metropolitan Transportation Authority unveiled the biggest change to the transit system in a generation.
Read more »