Eigen Labs has launched EigenCloud, a decentralized developer platform built on its Ethereum restaking protocol, with support from a $70 million EIGEN token investment by Andreessen Horowitz (a16z)

Event date

June 17, 2025

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Venture capital firm Andreessen Horowitz (a16z) has invested an additional $70 million in EIGEN tokens to support the rollout of EigenCloud and the broader EigenLayer ecosystem.

The blockchain-focused arm of Andreessen Horowitz, a16z crypto, has purchased an additional $70 million worth of EigenLayer's EIGEN tokens to help support the launch of the Ethereum restaking project's new developer platform, EigenCloud.

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Week 25 of 2025