Odaily Planet Daily News: Eigen Labs has laid off 29 employees as it adjusts the direction of its EigenCloud product. The product was launched last month and is a developer platform focused on off-chain and on-chain verification. As part of the announcement at that time, a16z announced a $70 million investment. The company has raised a total of $220 million, including $50 million in the Series A funding round in 2023. A spokesperson for Eigen Labs stated that the layoff decision (affecting 25% of the staff) was not made for financial reasons, and that the project still has financial room.