Pioneering restaking project EigenLayer has raised a significant $100 million in a recent funding round led by a16z crypto before it even went live.
Prelaunch Interest Raises $100M
EigenLayer, an Ethereum-based crypto restaking project, has secured a substantial $100 million investment from A16z crypto, the crypto investing arm of venture capital firm Andreessen Horowitz.
The project is being developed by Eigen Labs, which confirmed the news of the fundraise via a post thread on the social media platform X.com.
“We are excited to announce that Eigen Labs, the core development team contributing to EigenLayer and EigenDA, has raised $100 million from a16z crypto.”
EigenLayer had previously completed a $50-million funding round in March, led by Blockchain Capital. The project, developed by Eigen Labs, has been gaining attention within the crypto community for its innovative approach to staking and security.
Despite not yet launching any actively validated services (AV
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