Layer3 token drops 13% amid declining trading volume and market sentiment.
Recent $15M Series A funding led by ParaFi and Greenfield Capital.
Layer3, a token distribution protocol, has experienced a notable drop in market sentiment, with its native token L3 declining by 13% in the past 24 hours and trading volume falling by 36%. Despite this downturn, Layer3 has recently announced a strategic partnership with Immutable, which praised the protocol as “trusted by over 4 million users worldwide and the exclusive partner for Immutable’s game quests.”
One month ago, Layer3 successfully raised $15 million in a Series A funding round, led by ParaFi and Greenfield Capital, with participation from Electric Capital, Immutable, and several others. The round, which closed in May, was structured as equity with token warrants, though details on valuation were not disclosed. This brings Layer3’s total funding to $21.2 million, including a $2.5 million round in 2021. And an additi
We współpracy z: https://thenewscrypto.com/layer3-token-faces-12-decline-amid-strategic-partnership/
