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Eigen Labs launched the EigenCloud platform, with a16z investing $70 million to continue its layout.
[Chain News] On June 17, Eigen Labs announced the launch of the EigenCloud platform, aimed at providing blockchain-level trust assurance for Web2 and Web3 applications. The platform is based on EigenLayer’s re-staking protocol and integrates data availability, general computation, and dispute resolution functions. In addition, a16z crypto purchased EIGEN tokens for $70 million, continuing its investment strategy following a $100 million Series B funding round on February 1, 2024.
The alpha version of the platform has been launched, and testnet data shows a data availability layer throughput of 50MB/s. EigenCloud plans to extend blockchain technology to traditional areas such as medical records and machine learning through a “verifiability-as-a-service” model. At present, the platform is gradually opening up to developers, and it is expected to be fully launched by the end of 2025. Founder Sreeram Kannan said the platform will bridge the gap between developer needs and blockchain capabilities.