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EigenLayer has unveiled EigenCloud, a new platform aimed at enhancing verifiability and transparency for blockchain and traditional applications. Backed by a $70 million investment from Andreessen Horowitz, the platform promises to bridge the gap between developer ambitions and blockchain capabilities.
- EigenCloud merges third-party AVSs with EigenLayer's developer tools to enhance verifiability for on-chain and off-chain applications.
- Andreessen Horowitz invested $70 million in EIGEN tokens to support EigenCloud's rollout, following a $100 million Series B investment in Eigen Labs.
- Despite institutional backing, the EIGEN token has dropped 11% in 24 hours and 80% from its December 2024 peak.
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