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#EigenLayer Secures $70M From Andreessen Horowitz for Off-Chain Verification Platform
EigenLayer has raised $70 million from #a16z to launch EigenCloud, extending blockchain verification capabilities to off-chain applications.
The funding adds to Andreessen Horowitz's previous $100 million investment in the #Ethereum restaking protocol.
EigenCloud enables developers to build verifiable Web2 and AI applications without requiring blockchain expertise.
The platform addresses a fundamental limitation where blockchain apps could only verify on-chain activities.
EigenLayer now secures over $12 billion in total value locked, making it #Ethereum's largest restaking protocol.
#BlackRock's $2 billion BUIDL tokenized fund will use the platform to verify asset pricing data through Securitize.
Over 200 Autonomous Verifiable Services are currently live or in development on the verification network.
