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AltLayer has raised $7.0M across 1 funding round.
Key people at AltLayer.
AltLayer was founded in 2021 by Jia Yaoqi (Founder).
AltLayer has raised $7.0M in total across 1 funding round.
AltLayer operates as a decentralized protocol specializing in the launch of native and restaked rollups, supporting both optimistic and zero-knowledge (ZK) technologies. It provides a comprehensive Rollup-as-a-Service (RaaS) platform, empowering developers to deploy highly customizable, application-specific rollups efficiently. The protocol integrates proprietary technology with restaking mechanisms to bolster decentralization and security, providing essential infrastructure for scalable Web3 applications.
The company was founded by Yaoqi Jia, a blockchain veteran whose prior roles included Head of ZK Research at Parity Technologies and Head of Technology at Zilliqa. Jia's founding vision emerged from identifying a critical gap in Web3: the need for more scalable, secure, and decentralized infrastructure solutions. He aimed to abstract away the inherent complexities and centralization challenges associated with rollup deployments, enabling broader adoption and easier development within the decentralized ecosystem.
AltLayer primarily serves Web3 builders and decentralized application developers who require robust, performant, and secure scaling solutions. Its mission is to empower these innovators by providing foundational tools that simplify the creation and management of scalable blockchain environments. The long-term vision is to significantly accelerate Web3 adoption and innovation through accessible, decentralized, and highly efficient infrastructure.
Key people at AltLayer.
AltLayer has raised $7.0M across 1 funding round. Most recently, it raised $7.0M Seed in June 2022.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2022 | $7M Seed | — | Dreamers VC, East West Ventures EWV, Pioneer Fund, Polygon Labs, Balaji Srinivasan, Tegan Kline, Thomas VU | Announced |
AltLayer was founded in 2021 by Jia Yaoqi (Founder).
AltLayer has raised $7.0M in total across 1 funding round.
AltLayer's investors include Dreamers VC, East West Ventures EWV, Pioneer Fund, Polygon, Balaji Srinivasan, Tegan Kline, Thomas Vu.
AltLayer is a blockchain infrastructure company that provides a decentralized protocol for launching native and restaked rollups, including both optimistic and zero-knowledge (zk) rollup stacks, as a Rollups-as-a-Service (RaaS) platform.[1][2][3][4] It serves Web3 developers in sectors like gaming, social networks, and asset tokenization by enabling customized, scalable layer-2 (L2) solutions that reduce congestion, lower gas fees, and enhance security through integrations like restaking with EigenLayer.[1][2][4] Founded in 2021 and headquartered in Singapore, AltLayer has raised $21.6M in funding, including a Series A round, and powers rollups for clients such as Cyber (a SocialFi L2 on Optimism Superchain) and Xterio (Web3 gaming platform with OP Stack L2s).[1][2][3]
The platform solves key blockchain scalability issues by allowing no-code deployment of EVM- and WASM-compatible rollups in minutes, boosting performance for high-demand apps while leveraging data availability solutions like EigenDA.[2][3][4] Its native token ALT has a 10 billion total supply, with airdrops and staking incentives driving early adoption, contributing to a market cap around $560M as of recent data.[3]
AltLayer was founded in 2021 by Dr. Yaoqi Jia, former director of Parity Asia and co-founder/CTO of Zilliqa, leading a team with experience from Parity, Zilliqa, and Synthetix.[1][3] The idea emerged from the need to simplify rollup deployment in a multi-chain world, addressing compatibility challenges for EVM and WASM dApps amid Ethereum's scaling demands.[3][4] Early traction came swiftly through a $7.2M seed round led by Polygon Capital, Breyer Capital, and Jump Crypto, followed by investments from Polychain Capital, Hack VC, Binance Labs, and others, totaling $21.6M.[1][3]
Pivotal moments include partnerships with EigenLayer for restaked rollups and Optimism Superchain in 2024, enabling custom L2s like Cyber L2 and Xterio's gaming chains, which demonstrated real-world utility and accelerated growth.[2][3][4]
AltLayer rides the rollup and restaking megatrends in Ethereum scaling, where L2s batch transactions to alleviate mainnet congestion and restaking (pioneered by EigenLayer with $3.2B+ ETH locked) extends security to rollups.[4] Timing is ideal amid Web3's explosion in gaming ($4B market needing infra for congestion-free experiences) and SocialFi, where AltLayer's clients like Xterio and Cyber onboard millions via tokenized ecosystems.[2] Market forces favoring it include rising demand for customizable, secure L2s in a multi-VM world, OP Stack adoption, and AI-Web3 convergence through verifiable agents.[2][3][4]
It influences the ecosystem by democratizing rollup launches, fostering Superchain interoperability, and amplifying restaking's yield potential, positioning it as a key enabler for mass Web3 adoption.[2][3][4]
AltLayer is primed to dominate RaaS with its restaking edge and no-code tools, potentially capturing more gaming and social dApps as Ethereum L2 TVL grows.[2][4] Upcoming trends like AI agents in TEEs, expanded EigenDA integrations, and Superchain expansions will shape its path, with token unlocks and partnerships driving momentum despite market volatility.[1][3] Its influence may evolve into a full rollup ecosystem hub, accelerating Web3 scaling—much like its founding mission to boost infrastructure for the next billion users.[2][4]
