a16z Bets Big on EigenLayer Again With $70M Token Buy to Back ‘EigenCloud’ Launch

Description

Venture firm a16z has doubled down on EigenLayer with a $70 million token purchase to support the launch of EigenCloud. The new platform aims to empower developers by offering decentralized infrastructure through EigenLayer’s restaking model.

Authors

Will Canny

Publish date

June 17, 2025

Publisher

CoinDesk

Web archive URL

https://archive.is/2nU4M

Web URL

https://www.coindesk.com/business/2025/06/17/a16z-bets-big-on-eigenlayer-again-with-usd70m-token-buy-to-back-eigencloud-launch

Referenced by

Eigen Labs launches EigenCloud and raises $70M from A16z

Crypto news

News story

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.

Crypto news

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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.

Crypto news

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