EigenLayer Raises $100M in Series B Funding to Advance Ethereum-Related Technology
Seattle-based blockchain infrastructure startup, EigenLayer, has secured $100 million in Series B funding led by Andreessen Horowitz (a16z Crypto). The funds will be used to finalize the platform, which is based on Ethereum-related technology called "restaking". EigenLayer provides blockchain developers with access to a secure and decentralized network that powers Ethereum, allowing them to easily launch new protocols and applications with strong assurances of reliability and scalability. One service built on EigenLayer is EigenDA, a secure and decentralized data availability layer that enables Ethereum developers to achieve high transaction speeds and low transaction costs. EigenLayer previously raised $50 million in a round led by Blockchain Capital.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
US equities slide as trade war escalates, Powell signals no rate cut
Tariff and interest rate concerns overshadowed a positive March jobs report
Sei Investments increases 39% stake in MicroStrategy
Fidelity Spot Solana ETF Gains Traction As SEC Acknowledges Filing
Paul Atkins Moves Closer to SEC Chair Role After Senate Committee Approval
Trending news
MoreCrypto prices
More
