Eigen Labs has announced the launch of EigenCloud, a new platform built on the Ethereum restaking protocol, aimed at enhancing trust for Web2 and Web3 applications.
Launch of EigenCloud
Eigen Labs has introduced EigenCloud, a platform designed to leverage the Ethereum restake protocol to improve trust in web applications. This announcement was made in a Forbes article.
Investment from a16z
The launch of the platform was made possible by a $70 million investment from a16z crypto, a venture firm focused on blockchain. a16z led the $100 million Series B investment round by purchasing EIGEN tokens.
Positioning of EigenLayer
EigenLayer allows Ethereum stakers to 're-stake' their ETH to secure independent verifiable services. Ethereum co-founder and Consensys CEO Joe Lubin described EigenCloud as a significant step towards building more trustworthy digital systems, emphasizing the importance of verifiability in the new internet.
The launch of EigenCloud and the investment from a16z highlight the growing interest in platforms that provide verifiability in the digital landscape. Such initiatives are aimed at expanding developer capabilities and creating more secure web applications.
