CoinVoice has recently learned that the restaking protocol Inception, built on EigenLayer, has announced it will cease operations. The announcement states that Inception has not found a suitable product market fit in the past two years. Additionally, the lack of liquidity rewards in shared security has made it difficult for the protocol to continue.
According to crypto data platform RootData, in January of this year, Inception announced the completion of a $3.5 million seed round funding, with investments from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, Absoluta Digital, and others. [Original link]