$EIGEN
It's exploded!
Eigen Labs has launched EigenCloud, a verifiable application, service, and AI platform built on EigenLayer, with the EIGEN token ensuring its success. Using EigenCloud can create new streams of fees, and staking rewards are now supported. Even more astonishing, a16z Crypto plans to spend $70 million to acquire EIGEN tokens, continuing its investment strategy after the $100 million Series B funding on February 1, 2024.
It is said that the Alpha version of EigenCloud will be released simultaneously with the performance upgrade of EigenDA, achieving a throughput of 50MB per second on the Ethereum testnet. Moreover, EigenCloud has also released a gated preview of EigenVerify, specifically designed to adjudicate disputes in off-chain systems such as AI agents or prediction markets.
