AltLayer is a decentralized protocol specializing in rollup networks, which are Layer 2 scaling solutions for blockchains. It facilitates the launch of both Optimism and ZK rollup stacks as well as native and restructured rollups, offering an innovative rollup framework called Restaked Rollups.

AltLayer positions itself as a comprehensive solution for developers looking to implement scalable blockchain applications, particularly in gaming, DeFi, and other sectors. It is backed by prominent figures and organizations in the crypto space, including former Coinbase CTO Balaji Srinivasan and Polygon co-founder Sandeep Nailwal.

In conclusion, AltLayer, with its focus on Layer 2 scaling solutions, presents an innovative approach in the blockchain space. The project's backing by prominent industry figures and its positioning in a crucial technology niche indicate a promising future.