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Rejoice! Crypto Projects Are Getting Funded Again

February 24, 2024
in Web3
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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 important funding for Web3 tasks once more.“

Exhibit A:

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

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

They requested properly.

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

(☝️ Spectacular for a challenge that solely popped onto the scene just a few months again).

We like to see it!



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Tags: cryptoFundedProjectsRejoice
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