AltLayer, a Singapore-based provider of a platform for rollups, raised USD14.4M in funding.
The round was led by Polychain Capital and Hack VC, with participation from OKX Ventures.
The company intends to use the funds to expand its team and further enhance its rollup infrastructure.
AltLayer provides a decentralized protocol that empowers developers to create rollups from various software stacks, offering a rollup-as-a-service model.
Commenting on the investment, OKX Ventures Founder Dora Yue said: “We’re excited to support AltLayer in their quest for scalability and innovation in the blockchain technology sector. AltLayer’s dedication to developing rollup infrastructure signifies a considerable advancement for the industry. This aligns perfectly with OKX Ventures’ mission to support projects that drive innovation and push the boundaries of the blockchain space.”
FinSMEs
21/02/2024