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TL;DR
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EigenLabs (the team behind ‘restaking’ on ETH) just copped a $100M check from a16z Crypto, signaling that the market has turned.
Full Story
A short n’ sweet story to cap off the week?
Say. no. more.
In the (self proclaimed) wise words of Seb Lindner:
“Nothing says ‘the market has turned,’ like seeing significant funding for Web3 projects again.“
Exhibit A:
EigenLabs (the big brains behind ‘restaking’ on Ethereum) just copped a $100M check from a16z Crypto.
Why? Our guess is it’s because:
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They asked nicely.
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EigenLabs’ “EigenLayer” restaking protocol has already seen nearly $8B worth of investment from users.
(☝️ Impressive for a project that only popped onto the scene a few months back).
We love to see it!
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More posts like this would force the blogosphere more useful.
I’ll certainly bring back to be familiar with more.
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