EIGEN LAYER RAISES AN ADDITIONAL $70M
a16z has invested an additional $70 million into EigenLayer's EIGEN tokens, with a lockup commitment. This is a supplemental investment following a $100 million Series B round in February 2024.
- The purpose of the investment is to support #EigenCloud - a new platform from EigenLayer, expanding the verification capabilities of blockchain to off-chain applications, such as AI, market predictions, and healthcare.
=> Eigen Cloud integrates components like EigenDA (data availability), EigenVerify (dispute resolution), and EigenCompute (execution), supported by EIGEN tokens.
- Currently the largest restaking protocol on Ethereum with $EIGEN , securing approximately $12 billion in assets that have been restaked.
- So, after $ZRO and $WLD , this is the next major investment by purchasing OTC tokens with a16z's lockup, betting on these projects (or perhaps a media stunt).
- BlackRock has utilized EigenCloud to price assets for the $2 billion BUIDL fund, demonstrating commercial potential (according to Coindesk).
- What do you think, everyone?
