Andreessen Horowitz (a16z) venture capital firm Announcing a $100 million investment in EigenLayer, Ethereum’s largest restaking protocol based on total value locked (TVL).
It is reported that a16z is the only venture capital firm in this funding round, according toreportBloomberg on February 22, EigenLayer completed a $50 million round of funding in March led by Blockchain Capital.
Ali Yahya, general partner at Andreessen Horowitz, said the collaboration could pave the way for new types of applications.
“It will enable all kinds of new types of applications to be built… and people will stake their capital to get rewards from new services on top of EigenLayer.”
EigenLayer is currently the third largest protocol on Ethereum with a TVL of $7.91 billion. EigenLayer’s TVL increased 4.30% in 24 hours and more than 347% in the past month, according toInformation of DefiLlama
refer : cointelegraph.com
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