Rejoice! Crypto Projects Are Getting Funded Again

TL;DR

• EigenLabs (the group behind ‘restaking’ on ETH) simply copped a $100M test from a16z Crypto, signaling that the market has turned.

Full Story

A brief n’ candy story to cap off the week?

Say. no. extra.

Within the (self proclaimed) clever phrases of Seb Lindner:

“Nothing says ‘the market has turned,’ like seeing vital funding for Web3 tasks once more.“

Exhibit A:

EigenLabs (the massive brains behind ‘restaking’ on Ethereum) simply copped a $100M test from a16z Crypto.

Why? Our guess is it’s as a result of:

1. They requested properly.

2. EigenLabs’ “EigenLayer” restaking protocol has already seen almost $8B value of funding from customers.

   (☝️ Spectacular for a venture that solely popped onto the scene a couple of months again).

We like to see it!