Eigen Labs Raises $100M From a16z

Eigen Labs Raises $100M From a16z

Eigen Labs, the company behind the EigenLayer protocol, announced a $100 million funding round from a16z crypto. 

The Deets

  • Funding Milestone: $100 million investment led by a16z crypto
  • Mission Empowerment: Enhancing blockchain's open innovation
  • Protocol Highlight: EigenLayer's rental of Ethereum's security and decentralization
  • Impact Example: EigenDA, a revolutionary decentralized data availability layer

The Bulk

Founded in 2021, Eigen Labs set out with a bold mission to revolutionize the blockchain ecosystem. Now with a $100 million funding injection from a16z Eigen Labs aims to supercharge that infrastructure starting with the introduction of EigenDA. 

This protocol, built on EigenLayer, showcases the tangible benefits of leveraging Ethereum's security and decentralization, achieving speeds and costs previously unimaginable on Ethereum. With a wide array of applications in the pipeline, from cross-chain messaging to secure hardware enclave networks, Eigen Labs is poised to be at the forefront of unlocking new blockchain potentials.

🎤 Founder Feedback

Our mission is to maximize open innovation<em>&nbsp;</em>in blockchain infrastructure. This mission has a beginning, but no end. We consider ourselves players in an infinite sum, infinite horizon game.Eigen Labs

🔜 What's Next?

With a16z crypto's backing, Eigen Labs is gearing up to accelerate the development of the EigenLayer protocol and expand its ecosystem. 

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