Rejoice! Crypto Projects Are Getting Funded Again

TL;DR

• Eigen Labs (the team behind EigenLayer ‘restaking’ on ETH) just copped a $100M check from a16z Crypto, signaling that the market has turned.

Full Story

A short n’ sweet story to cap off the week?

Say. no. more.

In the (self proclaimed) wise words of Seb Lindner:

“Nothing says ‘the market has turned,’ like seeing significant funding for Web3 projects again.“

Exhibit A:

Eigen Labs (the big brains behind ‘restaking’ on Ethereum) just copped a $100M check from a16z Crypto.

Why? Our guess is it’s because:

1. They asked nicely.

2. EigenLabs’ “EigenLayer” restaking protocol has already seen nearly $8B worth of investment from users.

   
   (☝️ Impressive for a project that only popped onto the scene a few months back).

We love to see it!