The Alt Layer platform raised $14.4 million. The round was led by Polychain Capital and Hack VC, with participation from OKX Ventures, HashKey Capital, Bankless Ventures, Primitive Ventures, SevenX, Mask Network, IOSG and TRGC.

The money will be used to expand the team and develop infrastructure.

AltLayer is a protocol that allows developers to create rollups.

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