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Venture superior steadfast Andreessen Horowitz (a16z) has invested an further $70 cardinal successful EigenLayer, Ethereum’s largest restaking protocol, to enactment the motorboat of EigenCloud, a caller level offering “verifiability-as-a-service” for developers, the companies said connected Tuesday.
The concern follows a16z’s $100 cardinal Series B successful Eigen Labs successful February 2024, and underscores its committedness to the task done its Crypto Fund IV.
EigenLayer presently secures implicit $12 cardinal successful restaked assets.
EigenCloud allows developers to physique trustless, verifiable applications that run off-chain portion anchoring spot and payments connected the Ethereum blockchain.
Companies similar Securitize volition usage EigenCloud to verify plus pricing information for BlackRock’s $2 cardinal BUIDL fund.
The level introduces caller services, EigenVerify for quality solution and EigenCompute for offchain execution, alongside existing AVSs similar EigenDA for data, the companies said.
By transforming verifiability into a programmable unreality primitive, EigenCloud is targeting sectors similar AI, media, betting markets, and endeavor software, arsenic it aims to unlock a caller question of crypto-native and Web2-integrated applications.
“EigenCloud volition alteration the adjacent procreation of disruptive, mass-market crypto apps, closing the spread betwixt what developers privation to physique onchain and what blockchains let them to build,” said Sreeram Kannan, CEO of Eigen Labs, successful the release.
The alpha rollout includes show upgrades, quality tooling, and a developer roadmap for phased access.
Read more: The Protocol: EigenLayer Ready to Launch Missing Feature
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