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Peter Thiel Backs $2.1M Round For Crypto Investment Startup Layer1

by coindesk.com posted 3months ago 29 views
PayPal co-founder and venture capitalist Peter Thiel has backed a $2.1 million seed round for crypto investment startup Layer1. : PayPal co-founder and noted venture capitalist Peter Thiel has backed a $2.1 million seed round for crypto investment startup Layer1, the firm announced Wednesday. Other investors in the round include Digital Currency Group, institutional investor Jeffrey Tarrant and more. Layer1 is a crypto investment and engineering infrastructure platform. However, it also acts as a kind of tech-focused fund in that it backs “promising” blockchain protocols and then builds technology to support their growth.

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