What is Layer3 (L3)?

What is Layer3 (L3)?

Layer3 (L3) is a platform dedicated to building interactive and educational experiences in the crypto space. It serves as a portal to the crypto universe, guiding users through various actions and rewarding them for their participation. The platform's main feature, Quests, allows users to engage in a series of steps or actions, both on-chain and off-chain, to earn rewards such as tokens, NFTs, Discord roles, XP, achievements, and mystery boxes. Layer3 aims to make learning about and interacting with crypto fun, rewarding, and accessible.

Currently Layer3 enjoys over 800,000 unique users and more than 25 million on-chain actions.

Who Created Layer3 (L3)?

Layer3 was created by a talented and diverse team of innovators passionate about making the crypto experience simpler and more engaging for users. The team is led by Dariya Khojasteh, the Co-Founder and CEO, and Brandon Kumar, the Co-Founder and COO. Their leadership is complemented by Yahya El Asmar, the Product Manager, and Ehsan Abbaszadeh, the Head of Growth.

What VCs Back Layer3 (L3)?

Layer3 has garnered significant attention and support from notable investors in the crypto space. It is backed by leading venture capital firms and industry figures, including ParaFi, Lattice, Electric Capital, Sandeep Nailwal, Kain Warwick, and Balaji Srinivasan. This strong backing underscores the confidence these investors have in Layer3’s potential to transform user engagement in the crypto world.

How Layer3 (L3) Works

Layer3 operates through a unique framework centered around Quests.

Quests on Layer3 are bite-sized interactive experiences where users take a series of actions to receive instant rewards. Each Quest consists of multiple steps, known as Actions, which can be either off-chain or on-chain.

● Educational and content-based actions might include reading articles about crypto topics or products, taking quizzes to test understanding, or visiting external links to learn more.

● On-chain actions can involve interacting with smart contracts, such as swapping tokens on Uniswap or participating in governance votes, verifying tokens or NFTs in users' wallets, or encouraging the use of specific wallet applications like Phantom.

● Social actions could require users to engage on Twitter by following accounts, tweeting, liking, or retweeting posts related to the Quest, or verifying membership in specific Discord servers or Telegram channels.

● Other actions might include wait steps, where users must wait for a certain period before proceeding, or custom REST integration to track specific actions through an API endpoint.

Rewards are a key motivator for users to complete Quests, and Layer3 supports various reward types.

● On-chain rewards include instant and gasless distribution of tokens and NFTs across major EVM chains like Ethereum, Polygon, Arbitrum, and more.

● Social rewards offer privileged community access through Discord roles.

● Meanwhile, gamified rewards include XP, achievements, and mystery boxes to enhance user engagement and retention.

Layer3 provides the ability to embed Quests and Journeys directly into websites or web applications. This feature allows crypto product builders and content creators to integrate interactive content with minimal development effort. By embedding these elements, creators can engage, entertain, and reward users effectively, thereby enhancing user retention and satisfaction.

L3 Goes Live on Bitget

Layer3 aims to scale its user base further and integrate with more blockchain ecosystems. The platform currently supports 25 blockchains and plans to expand this number, bringing in more users and enhancing interoperability.

Layer3 also has plans to introduce a new chain with token earning opportunities. This will allow users to effortlessly earn tokens by achieving usage milestones and generating network effects, further solidifying Layer3 as a premier platform for crypto engagement.

Moreover, Layer3 is dedicated to unifying user identities across ecosystems through interoperable credential infrastructure, while introducing innovative solutions regarding rewards and user engagement.

With the platform poised for significant growth and expansion into new blockchain ecosystems, trading L3, the native token of Layer3, provides access to a thriving community and the potential for rewarding opportunities.

Start trading L3 on Bitget today!

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Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.