EigenLayer gets 70 million USD from a16z to launch off-chain verifiability platform

EigenLayer announced funding of 70 million USD from Andreessen Horowitz, adding to their prior 100 million USD investment. This capital is designated for the EigenCloud platform, enhancing blockchain verification capabilities for off-chain applications.

EigenCloud will utilize features such as EigenVerify for dispute resolution and EigenDA for data availability, addressing challenges in verifying complex off-chain computations, thereby broadening blockchain’s practical applications.

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