a16z invests another $70 million in EigenLabs to launch the re-staking protocol EigenCloud.

On June 17, Eigen Labs announced the launch of EigenCloud, a re-staking protocol for Ethereum, in which a16z crypto will invest $70 million through the direct purchase of EIGEN tokens, adding to a16z's $100 million investment in EigenLayer in February 2024.

EigenCloud is built on top of the EigenLayer restaking protocol, which integrates data availability (EigenDA), general computing (EigenCompute), and dispute resolution (EigenVerify) capabilities. The platform allows developers to cryptographically prove off-chain activity, providing the same assurance of trust as on-chain activity. More than $12 billion in repledged assets have secured more than 200 self-verifiable services.

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MoneyBurnervip
· 19h ago
a16z has invested again.
Reply0
GasFeeLadyvip
· 06-17 22:33
a16z is still very optimistic.
Reply0
ChainSherlockGirlvip
· 06-17 14:12
It's the right time to increase capital investment.
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OnchainDetectivevip
· 06-17 13:52
a16z is really optimistic about it
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Web3Educatorvip
· 06-17 13:51
Big move for restaking.
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