a16z Invests $100M in Ethereum Protocol EigenLayer

Venture firm Andreessen Horowitz Invests $100 Million in Ethereum Startup EigenLayer

Venture firm Andreessen Horowitz (a16z) has made a significant investment of $100 million in EigenLayer, a promising startup founded by former University of Washington associate professor Sreeram Kannan. EigenLayer, known for being the largest restaking protocol on Ethereum, had already secured $50 million in funding in March of last year.