CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

BitcoinSistemi 2025-06-17 15:38:08

This Altcoin on Binance Announced $70 Million in Investment! Then Introduced Its New Platform!

Restaking platform Eigen Labs has announced the launch of EigenCloud with support from a16z. Eigen Labs has launched EigenCloud, a new platform built on the Ethereum resttake protocol that aims to offer verifiable trust for Web2 and Web3 applications, Forbes reported. The launch was prompted by a $70 million investment from a16z crypto, the blockchain-focused arm of Andreessen Horowitz. Accordingly, a16z crypto led Eigen Labs’ $100 million Series B round by purchasing $70 million worth of EigenLayer’s EIGEN tokens. The funds raised in the Series B funding round will help accelerate the launch and commercialization of EigenLayer’s new developer platform, EigenCloud. Ethereum co-founder and Consensys CEO Joe Lubin said: “We are entering a new era where verifiability is a fundamental building block of the internet, and EigenCloud is a bold step in that direction. “By bringing verifiability to the cloud-based developer experience, Sreeram and Eigen Labs have become best-in-class leaders in expanding what is possible on Ethereum and advancing the infrastructure for more trustworthy digital systems.” EigenLayer allows Ethereum stakers to “re-stake” their ETH to secure third-party services known as autonomous verifiable services. Following the news, the EIGEN price moved slightly. *This is not investment advice. Continue Reading: This Altcoin on Binance Announced $70 Million in Investment! Then Introduced Its New Platform!

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.