Eigen Labs Launches Ethereum Re-Staking Protocol EigenCloud with $70M a16z Crypto Investment

Eigen Labs has unveiled its innovative Ethereum re-staking protocol, EigenCloud, backed by a significant $70 million investment from a16z crypto through a direct acquisition of EIGEN tokens. This strategic funding underscores growing confidence in re-staking solutions within the blockchain ecosystem.

EigenCloud is engineered to enhance blockchain-level trust across both Web2 and Web3 platforms, enabling diversified revenue streams that bolster staking incentives. By integrating these trust guarantees, EigenCloud aims to drive broader adoption and utility for decentralized applications.

The protocol’s Alpha launch is synchronized with critical performance enhancements to EigenDA, targeting a throughput milestone of 50 MB per second on the Ethereum testnet. This upgrade is poised to significantly improve data availability and scalability, reinforcing EigenCloud’s position in the evolving Ethereum infrastructure landscape.