a16z invests $100 million in the re-collateralization protocol EigenLayer.
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The well-known American venture capital firm has invested an astounding $100 million in the rehypothecation protocol EigenLayer.
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The renowned American venture capital firm Andreessen Horowitz has just made an astonishing $100 million investment in the rehypothecation protocol EigenLayer, according to a Bloomberg report.
Behind EigenLayer is the team at EigenLabs, who recently secured funding. In March 2023, they had just completed a $50 million Series A funding round led by Blockchain Capital. Coinbase Ventures and Polychain Capital also participated, demonstrating the project's appeal.
EigenLayer currently has a Total Value Locked (TVL) worth $7.913 billion:
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