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Eigen Labs Raises $70 Million From A16z For EigenCloud Ethereum Tools

Big data structure concept. 3D rendergetty Eigen Labs has announced the launch of EigenCloud, a platform designed to extend blockchain-grade trust guarantees to any Web2 or Web3 application. The alpha version launch this week coincides with a fresh $70 million token purchase by a16z crypto, deepening its commitment following the firm’s $100 million Series B investment in February 2024. The venture firm’s direct purchase of EIGEN tokens indicates alignment with EigenLayer’s token-centric economic...

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