BlockBeats reports that on June 17, Eigen Labs announced the launch of the Ethereum restaking protocol EigenCloud. a16z crypto will invest $70 million by directly purchasing EIGEN tokens, marking an additional investment following its $100 million investment in EigenLayer in February 2024.
EigenCloud is built on the EigenLayer restaking protocol and integrates features such as data availability (EigenDA), general-purpose computation (EigenCompute), and dispute resolution (EigenVerify). The platform allows developers to cryptographically prove off-chain activities while offering the same trust guarantees as on-chain activities. Currently, more than $12 billion in restaked assets are securing over 200 independently verifiable services.
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