October 04, 2024
Layer has secured $6 million in seed funding, with 1kx leading the round and contributions from Fabric Ventures, Arrington Capital, and IOBC. Notable angel investors include Sreeram Kannan from EigenLayer, Rok Kopp and Mike Silagadze from Ether.fi, and Paul Taylor, formerly of BlackRock.
Project | Latest Raise | Latest Raise Date | Stage | Lead Investor | Category |
|---|---|---|---|---|---|
Layer | $6M | October 04, 2024 | Seed Round | 1kx | Layer 2 |
Their upcoming product, “Layer SDK,” will allow developers to build new layers on Ethereum, supporting full-stack blockchain applications that include smart contracts, consensus mechanisms, user interfaces, and verifiable off-chain services such as AI agents, ZK provers, serverless functions, and decentralized messaging servers.
About Layer
Layer is a platform that helps developers create apps that can run on different devices, including iPhones. Their new tool, “Layer SDK,” lets developers build on Ethereum to make complete blockchain apps. These apps can include smart contracts, user interfaces, and other services like AI and messaging servers.
Website: https://www.layer.xyz/
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About Investor
Investor: 1kx
1kx is an early-stage investment firm that focuses on the growth of ecosystems within the cryptocurrency sector. They specialize in helping founders bootstrap token networks by providing hands-on advisory services for the creation, design, and iteration of token models. With a strong emphasis on community building, 1kx aims to support the best and brightest ideas in the Web3 space, fostering economic sustainability and innovation. The firm is dedicated to exploring the art and science of network building, striving to bring the best possible version of a decentralized future to life.
Location: Amsterdam
Website: https://1kx.network/
A central focus of investor activity in the cryptocurrency space is the evaluation of new crypto projects to invest in, particularly those with huge potential. This blog provides insight into what new ventures are benefiting from venture capital support (VC funding in crypto). These new crypto projects, funded by professional investors, can dictate the next narrative in crypto and the next big crypto movers.
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