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a16z Bets Big on EigenLayer Again With $70M Token Buy to Back ‘EigenCloud’ Launch
Ethereum’s largest restaking protocol has launched EigenCloud, a new platform offering “verifiability-as-a-service” for developers.
By Will Canny, AI Boost
Updated Jun 17, 2025, 1:55 p.m. Published Jun 17, 2025, 1:00 p.m.
What to know:
- a16z has invested an additional $70 million in EigenLayer.
- The restaking protocol has launched EigenCloud, a new platform for developers.
Venture capital firm Andreessen Horowitz (a16z) has invested an additional $70 million in EigenLayer, Ethereum’s largest restaking protocol, to support the launch of EigenCloud, a new platform offering “verifiability-as-a-service” for developers, the companies said on Tuesday.
The investment follows a16z’s $100 million Series B in Eigen Labs in February 2024, and underscores its commitment to the project through its Crypto Fund IV.
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EigenLayer currently secures over $12 billion in restaked assets.
EigenCloud allows developers to build trustless, verifiable applications that operate off-chain while anchoring trust and payments on the Ethereum blockchain.
Companies like Securitize will use EigenCloud to verify asset pricing data for BlackRock’s $2 billion BUIDL fund.
The platform introduces new services, EigenVerify for dispute resolution and EigenCompute for offchain execution, alongside existing AVSs like EigenDA for data, the companies said.
By transforming verifiability into a programmable cloud primitive, EigenCloud is targeting sectors like AI, media, betting markets, and enterprise software, as it aims to unlock a new wave of crypto-native and Web2-integrated applications.
“EigenCloud will enable the next generation of disruptive, mass-market crypto apps, closing the gap between what developers want to build onchain and what blockchains allow them to build,” said Sreeram Kannan, CEO of Eigen Labs, in the release.
The alpha rollout includes performance upgrades, dispute tooling, and a developer roadmap for phased access.
Read more: The Protocol: EigenLayer Ready to Launch Missing Feature
AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
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Foundation behind restaking protocol EigenLayer plans bigger rewards for active users
An Incentives Committee would direct programmatic token emissions, focusing allocations on participants that secure AVSs and contribute to the EigenCloud ecosystem.
What to know:
- The Eigen Foundation has unveiled a governance proposal aimed at ushering in new incentives for its EIGEN token, shifting the protocol’s reward strategy to prioritize productive network activity and fee generation.
- Under the plan, a newly formed Incentives Committee would manage token emissions, prioritizing participants who secure Actively Validated Services and expand the EigenCloud ecosystem.
- The proposal includes a fee model that channels revenue from AVS rewards and EigenCloud services back to EIGEN holders, potentially creating deflationary pressure as the ecosystem grows.
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