Layer3, a token distribution protocol, raised $15 million in a Series A round led by ParaFi and Greenfield Capital, with participation from Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber, and others. Layer3 also revealed its previously unannounced $3.70 million strategic funding round, which was raised in 2022 by companies such as Electric, ParaFi, Polygon's Sandeep Nailwal, and others. The Series A round brings Layer3's total funding to $21.20 million, with the company also raising $2.50 million in 2021.