Posted 2/23/2024, 7:12:00 PM
Andreessen Horowitz Bets $100M on EigenLayer to Boost Ethereum Restaking Participation
- Andreessen Horowitz is investing $100 million in EigenLayer, a crypto startup facilitating restaking on Ethereum
- Restaking involves repurposing staked ETH tokens to secure the Ethereum blockchain
- EigenLayer provides a platform for developers to build protocols on Ethereum's infrastructure
- The investment comes amid a recent uptick in crypto VC funding after months of decline
- The startup aims to enable more participation in crypto without new tokens or economies