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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a16z Bets Big on EigenLayer Again With $70M Token Buy to Back ‘EigenCloud’ Launch
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Andreessen Horowitz (a16z) has shown a strategic investment trajectory in EigenLayer, beginning with a $100 million Series B in February 2024 and followed by a $70 million EIGEN token purchase, reflecting long-term commitment to the project’s token-driven restaking infrastructure through its Crypto Fund IV
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Eigen Labs, in February 2024, secured a $100 million Series B investment led by Andreessen Horowitz (a16z) through its Crypto Fund IV
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