Fundraising Fox

Layer3

St. Peters, US · Founded 2021 · 17 known investors

Find your way into Layer3

76 people in our graph share verified history with the Layer3 team — schools, employers, funds. One of them is your warm intro.

Kasey Mitriaunlockedknows Brandon Kumar · together at GCM Grosvenor (overlapped)
×10knows the team · via GCM Grosvenor
knows the team · via The Peddie School

Layer3 is a crypto platform where users create wallets, discover protocols, complete onchain tasks to earn rewards (CUBEs), trade, and stake L3 tokens for governance and boosted rewards. It also lets projects distribute tokens and run cross-chain growth campaigns targeting both human and AI participants.

Also known as L3 · Layer3 XYZ, Inc.

Founders & leadership

Layer3 was founded in 2021 by Dariya Khojasteh and Brandon Kumar.

DK
Dariya KhojastehinCofounder30 Under 30 2024
BKBrandon Kumar
Brandon KumarinFounderCo-founder and General Partner of Commodore, a land investment and development platform focused on overlooked infrastructure assets. He previously worked as an investor at Accolade Partners, an alternative asset manager, and co-founded Layer3, a fintech company.

Investors · 17

Also in the syndicate · 4

Amber CapitalGreenfield CapitalleadImmutable VenturesTioga Capital

Funding

SEC filings, press & company announcements

$35.6M disclosed across 2 of 4 rounds · 2024

$20.6MraisedSep 2024 · 28 investors · Other Technology
Rule 506(b)
Officers, directors & promoters on the filing
  • Brandon Michael KumarExecutive Officer, Director
  • Dariya Cavan KhojastehDirector
Offering amount
$20.6M
Amount sold
$20.6M
First sale
May 2024
Incorporated
Corporation, Delaware, 2021
Federal exemptions
06b
Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Valuation · disclosed

Disclosed events
$73.8Mvaluation at Series AJun 2024
filing ↗

Source: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.

Company profile

researched Aug 2026

Layer3 operates a consumer crypto application built around a smart wallet that users can create in one click without browser extensions or gas fees. Within the app, users discover protocols through curated "activations," complete onchain tasks, and mint CUBEs (Credentials to Unify Blockchain Events) — omnichain credentials that record a user's onchain achievements and accrue toward rewards, airdrops and status. Additional consumer features include trading, social and competitive elements, and staking of the L3 token to boost rewards and unlock governance participation.

On the supply side, Layer3 Builder lets protocols create activations, distribute tokens and rewards, rank power users and run cross-chain growth campaigns without code, with tracking of completions and wallet analytics. Layer3 Intel extends this to agent-driven automation, deploying tasks and rewards for both human and AI participants. The platform positions itself as an omnichain distribution layer that addresses fragmented user attention across blockchains by combining credential-based identity with incentive distribution.

Earlier descriptions of the product emphasized short, lesson-style quests covering topics from NFTs to smart contract development, alongside tools letting other developers embed quests and loyalty-program mechanics into their own platforms.

Founding story

Layer3 was co-founded by Dariya Khojasteh and Brandon Kumar, who set out to make blockchain applications approachable for a mainstream audience through bite-sized quests. Khojasteh, a former iOS developer and marketing agency founder, entered crypto in 2016; Kumar has a background in cryptographic asset management and helped build and scale a $500 million crypto fund at Accolade.

Business model

Layer3 sits between crypto protocols seeking users and retail participants seeking rewards: projects pay to distribute incentives and run quest-based campaigns, while users complete tasks to earn credentials and token rewards. The L3 token is central to the model, with staking for yield, governance and boosted rewards, and burn mechanisms tied to network access.

Communities and protocols acquire access to the Layer3 network — posting quests, deploying incentives and accessing CUBE credentials — by buying and burning L3 tokens; users can also burn L3 for partner-ecosystem perks such as early access, fee discounts and exclusive NFTs. Builders using Layer3 Builder are described as earning revenue as usage scales.

Traction

The website reports more than 3 million users, over 500 million transactions, 40+ chains and 500+ apps. Other sources cite more than 20 million paid omnichain credentials minted, 120 million quests completed and users across more than 120 countries; a January 2024 profile cited 250,000 monthly active questers.

Latest developments

The current product centers on the Layer3 Wallet, curated activations, staking of L3 for governance and boosted rewards, and the Layer3 Builder and Layer3 Intel tools for protocols and agents to deploy tasks and rewards to human and AI participants. The L3 token trades publicly with a circulating supply of roughly 1.48 billion of a 3.33 billion maximum supply.

Full profile — market position, technology, go-to-market, geography, history, risks & controversies

Market position

Layer3 describes itself as infrastructure for onchain user acquisition and credentialed identity, stating it is used by more than 500 protocols across gaming, AI, DeFi and NFT ecosystems and that its users captured 20.4% of the first Arbitrum distribution and 29.7% of the first zkSync distribution.

The company combines a low-friction smart wallet, a portable omnichain credential system (CUBEs) and a cross-chain incentive distribution protocol in one application, allowing projects to target specific users by verified onchain history rather than running isolated campaigns per chain.

Technology

The platform combines a one-click smart wallet (no gas, no fees, no extensions), CUBE credentials as unique digital identifiers verifying omnichain achievements and enabling targeted incentives, and a modular omnichain distribution protocol supporting interaction across many chains. Layer3 Intel provides agent-based deployment of tasks and rewards. The L3 token contract is deployed on Ethereum.

Go-to-market

Layer3 acquires users through incentivized quests and reward campaigns and monetizes through protocol partners, citing work with Optimism, Arbitrum, Robinhood and Base; earlier coverage named Coinbase and Uniswap as customers. Self-serve, no-code campaign creation via Layer3 Builder supports protocol-side adoption, and the L3 token is listed on exchanges including OKX, Bybit, Bitget, KuCoin, Kraken and Gate.io.

Retail crypto users, including newcomers seeking guided onboarding and reward-seeking active wallets, plus blockchain protocols, L2 ecosystems and communities across DeFi, gaming, AI and NFTs that need user acquisition and token distribution.

Geography

Incorporated as Layer3 XYZ, Inc. and based in Saint Peters, Missouri, US, with a user base spanning more than 120 countries and activity across 40+ blockchain ecosystems.

History

The company was established in 2021 in Missouri as a blockchain platform providing tools for onchain communities and DAOs. It raised $6.5 million in seed funding from investors including Electric Capital, Balaji Srinivasan and Polygon cofounder Sandeep Nailwal, and in June 2024 raised a $15 million Series A co-led by Greenfield Capital and ParaFi Capital at a stated $73.82 million post-money valuation, intended to accelerate growth. The product later expanded from quests into a full consumer wallet with trading, staking and social features, alongside an L3 token with staking and burn mechanics.

Risks & controversies

The L3 token's market price has fallen sharply from its March 2025 all-time high of $0.1553 to roughly $0.0043, a decline of about 97%, leaving a market capitalization near $6.4 million; a large share of total supply remains uncirculated. The business depends on protocol incentive budgets and reward-driven user activity, which may not persist without ongoing campaigns.

Compiled by commissioned research from 7 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
Apps on platformJan 2026500 apps
Chains supportedJan 202640 chains
Countries reachedJan 2026120
L3 all-time high priceMar 2025$0.1553
L3 circulating supplyAug 20261,480,000,000 L3 tokens
L3 fully diluted valuationAug 2026$14.3M
L3 market capitalizationAug 2026$6.4M
L3 token holdersAug 202623,590 holders
L3 token priceAug 2026$0.004294
L3 total and max supplyAug 20263,333,333,333 L3 tokens
Monthly active questersJan 2024250,000 users
Paid omnichain credentials mintedJan 202620,000,000 credentials
Quests completedJan 2026120,000,000 quests
Share of Arbitrum distribution 1 tokens received by Layer3 usersJan 202620.4%
Share of zkSync distribution 1 tokens received by Layer3 usersJan 202629.7%
TransactionsJan 2026500,000,000 transactions

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Timeline · 5

launches, deals, and filings
Jan 2026
Protocols including Optimism, Arbitrum, Robinhood and Base use Layer3 for onchain growth

Layer3 states these companies rely on its platform to drive onchain growth at scale.

source ↗

Jan 2026
Layer3 Wallet, Builder and Intel offered as core platform

Layer3 markets a one-click smart wallet, curated activations with CUBE rewards, L3 staking, the no-code Layer3 Builder campaign tool, and Layer3 Intel for agent-deployed tasks and rewards to human and AI participants.

source ↗

Jun 2024
Layer3 raises $15M Series A co-led by Greenfield Capital and ParaFi Capital

Layer3 XYZ, Inc. raised $15 million in Series A funding at a $73.82 million post-money valuation, with proceeds intended to accelerate growth.

$15M source ↗

Jan 2024
Cofounders profiled on Forbes 30 Under 30 Finance 2024 list

source ↗

Jan 2024
Layer3 reported to have raised $6.5M seed round

Investors included Electric Capital, Balaji Srinivasan and Polygon cofounder Sandeep Nailwal.

$6.5M source ↗

Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.

In the news

Research sources · 7

primary sources listed

7 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Layer3 do?
Layer3 runs a crypto wallet and onchain quest platform where users complete tasks for rewards and protocols run growth campaigns.
Who founded Layer3?
Layer3 was founded by Dariya Khojasteh, Brandon Kumar in 2021.
Who are Layer3's investors?
Layer3's investors include 6th Man Ventures, BitDAO, Electric Capital, GD1, King River Capital, Lattice Capital, Mantle Network, ParaFi Capital and 5 more.
How much funding has Layer3 raised?
Layer3 has disclosed $35.6M raised across 2 of its 4 known rounds.
Where is Layer3 headquartered?
Layer3 is headquartered in St. Peters, US.