Layer3 has announced the upcoming launch of its governance and utility token, $L3, with an initial airdrop scheduled for early summer. The token will have a total supply of 300 million, with 51% allocated to Layer3 community members. The Layer3 Foundation will release detailed tokenomics in June 2024.

Holders of the $L3 token will be able to participate in governance and staking, unlocking enhanced utility across products built on the protocol. The initial airdrop will distribute 5% of the total supply to early adopters and CUBE minters, with multiple airdrops planned.

CUBEs are ERC-721 tokens earned by completing unique on-chain experiences called "Quests." Layer3 aims to decentralize the "attention market," valued at $1 trillion, and has already facilitated 96 million interactions across over 500 ecosystems. The protocol seeks to power the identity and earning infrastructure for humans and AI agents as more ecosystems adopt token-based distribution models.

The airdrop marks an exciting development for Layer3, which is poised to make a significant impact in the crypto and DeFi spaces. With its innovative approach to attention and identity infrastructure, Layer3 is worth keeping an eye on.