FOUNDERS FUND

Summary from the TLDR Crypto newsletter

Crypto company Layer N has obtained $5 million in seed funding from prominent investors. Layer N, an L2 built on top of Ethereum, aims to boost transaction capacity and speed to create experiences more similar to traditional financial markets. The founders intend to attract crypto traders and decentralized exchanges. Layer N also has ambitions to enable centralized exchanges to create decentralized offerings. One of the most interesting aspects of this raise is that Peter Thiel’s Founders Fund was in on the round.