Eigen Labs launches the Ethereum re-staking protocol EigenCloud, receiving an additional $70 million investment from a16z

According to Forbes, Eigen Labs announced the launch of the Ethereum re-staking protocol EigenCloud, with a16z crypto investing $70 million through a direct purchase of EIGEN tokens, marking a follow-up investment after a16z's $100 million investment in EigenLayer in February 2024.

This is a platform designed to extend blockchain-level trust assurance to any Web2 or Web3 applications, and the use of EigenCloud will create new fee streams to support staking rewards.

It is reported that the Alpha version release of EigenCloud will coincide with the performance upgrade of EigenDA, achieving a throughput of 50 MB per second on the Ethereum testnet. Additionally, EigenCloud has released a gated preview of EigenVerify, aimed at adjudicating disputes in off-chain systems such as AI agents or prediction markets.