ChainCatcher news, the token distribution protocol Layer3 Foundation announced in its official Discord community that it will release the initial L3 token allocation checker on July 24, but the tokens will not go live on that date. The Layer3 Foundation stated that they have been working hard to gather feedback from the community and create a token economic model that aligns with the long-term development of Layer3.

ChainCatcher news, according to The Block, the token distribution protocol Layer3 has completed a $15 million Series A funding round, co-led by ParaFi and Greenfield Capital, with participation from Electric Capital, Immutable, Lattice, Tioga, LeadBlock, Amber, and others.It is reported that Layer3 is also developing a new AI protocol to optimize token distribution strategies, which is expected to be launched later this year.