TechFlow news, Ethereum scaling project AltLayer has completed a $7.2 million seed funding round led by Polychain Capital, Jump Crypto, and Breyer Capital, with participation from Polkadot founder Gavin Wood, former Coinbase CTO and ex-a16z partner Balaji Srinivasan, Circle co-founder Sean Neville, and Synthetix and Bodhi Ventures co-founders Kain Warwick and Jordan Momtazi.
AltLayer was founded by Yaoqi Jia, former CTO of Zilliqa. Yaoqi Jia stated that AltLayer will focus on application-specific dedicated chains, and noted that this round was raised through a SAFT (Simple Agreement for Future Tokens).
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