TL; DR
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EigenLabs (the team behind ‘resttaking’ on ETH) just received a check for $100 million a16z Cryptoindicating that the market has turned around.
Full story
A short and powerful story to end the week?
Participation. No. more.
In the (self-proclaimed) wise words of Seb Lindner:
“Nothing says ‘the market has turned around’ like seeing significant funding Web3 projects again.”
Exhibition A:
EigenLabs (the big brains behind ‘resttaking’ on Ethereum) just received a check for $100 million from a16z Crypto.
Why? Our guess is that this is because:
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They asked nicely.
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EigenLabs’ EigenLayer recovery protocol has already generated nearly $8 billion in user investment.
(☝️ Impressive for a project that only hit the scene a few months ago).
We’d love to see it!