Eigen Labs, Developer Behind Restaking Protocol EigenLayer, Raises $100M From A16z Crypto
Summary
Eigen Labs, the company developing EigenLayer, a crypto restaking project on Ethereum, has raised $100 million from venture capital investor a16z crypto. The project, which is not yet live, is part of a new trend in the blockchain industry known as "restaking". This involves using Ethereum's ether (ETH) tokens that have been staked as security for the main blockchain to secure additional networks and protocols. The investment was confirmed by Eigen Labs on social media platform X.
