EigenLayer Raises $100M in Series B Funding to Advance Ethereum-Related Technology

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Cointime2024/02/26 00:18

By:Cointime

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.

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