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BlockBeats news, on July 9, according to Blockworks, Eigen Labs announced a layoff of approximately 25% (29 employees) and will shift its business focus to EigenCloud. EigenCloud was launched last month and is a developer platform focused on off-chain and on-chain verification. a16z announced an investment of $70 million, bringing the company's total funding to $220 million, which includes $50 million from the Series A funding in 2023.