Tech Company Financing Transactions
Asset Layer Funding Round
Asset Layer closed a $2.4 million venture capital round on 5/8/2023. Backers included nChain.
Transaction Overview
Company Name
Announced On
5/8/2023
Transaction Type
Venture Equity
Amount
$2,400,000
Round
Undisclosed
Investors
Proceeds Purpose
The company intends to use the funds to enhance its offering and drive the adoption of the platform.
Company Information
Company Status
Private & Independent
Industry
Blockchain
Mailing Address
Undisclosed
New York, NY Undisclosed
USA
New York, NY Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Our team saw the potential for blockchain technology to transform the way digital assets are created and utilized, bringing about a new era for digital communities and internet commerce. But, we also saw how blockchain's cost and complexity was getting in the way of businesses and entrepreneurs' ability to successfully apply blockchain in a business environment outside of temporary speculative mania. We set out to make blockchain more accessible, and ultimately came to the conclusion that what was needed was not actually better tools for blockchain, it was better tools for digital assets. We started building games like Duro Dogs, Ruff Runner, BSV2048, and others to figure out the best ways to help others create interoperable digital assets and use them in applications. This ultimately led to the creation of the Asset Layer platform, the first Digital-Asset-as-a-Service solution.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Jackson Laskey
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Where The Data Comes From
We report on all VC transactions involving tech companies. VC investment data records reported here come from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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