EigenLayer Secures $70 Million Investment and Announces EigenCloud

EigenLayer has received a $70 million investment from a16z, which the article describes as one of the best-funded crypto projects at the moment, and the team has announced EigenCloud, a developer platform that extends blockchain-style verifiability to any app. The article says a16z's Ali Yahya praised the team for unlocking a new paradigm for verifiable, neutral apps, while it also notes that EigenLayer's real-world adoption lags behind its enthusiasm, with few projects using it. EigenCloud is built on EigenLayer and powered by the EIGEN token, and it is due to go live in the third quarter of this year.