HomeFunding AlertWeb3 Venture Studio SuperLayer Raises $25 Mn Led by Polygon

Web3 Venture Studio SuperLayer Raises $25 Mn Led by Polygon

Web3 venture studio SuperLayer has announced a new $25 million fund led by anchor investor and strategic partner Polygon Technology, with participation Animoca Brand’s founder Yat Siu, celebrity Paris Hilton, and Andreessen Horowitz partner Chris Dixon are among the many big-name investors and designers who have invested in the studio.

According to the press release, This partnership and funding will help spread SuperLayer’s vision of accelerating the most promising Web3 platforms and projects.

Web3 startup Invisible Universe Bags $12 Mn in Series A

“Within SuperLayer’s emphasis on speed and quality, Polygon is a natural partner with industry-leading protocols designed to address blockchain scalability issues that have slowed innovation,” Kevin Chou, the managing partner of SuperLayer, said in a statement released on Thursday.

“With this investment and strategic partnership, SuperLayer is enthusiastic about shipping projects to lead the way on Polygon,” Chou said in the release. 

SuperLayer was launched in October 2021 with a focus on funding and supporting brands and companies that are implementing tokenized economies using the RLY protocol.

Trading platform CoinSwitch launches Web3 discovery fund

SuperLayer is led by managing partners Kevin Chou and Mahesh Vellanki, both founders of multiple leading Web3 companies, including blockchain gaming firm Forte. Prior to founding Forte, Chou successfully built the gaming company Kabam, which was acquired for more than $800 million in 2017.

Read Also: Binance signs TikTok star Khaby Lame to promote and foster Web3

Ankush Kumar
Ankush Kumarhttps://www.marketmoney.in
Ankush Kumar is the Founder of Market Money. He is an expert in Banking and Finance. He has appeared in B.Com (Banking & Finance) From Govt. College in Lucknow.

Must Read