Ethereum Restaking Protocol EigenCloud Secures $70 Million in Funding Led by a16z

Eigen Labs has announced the completion of a $70 million funding round for its Ethereum restaking protocol, EigenCloud, with a16z leading the investment. This platform aims to extend blockchain-level trust guarantees to any Web2 or Web3 application. The use of EigenCloud will generate new fee streams, thereby supporting staking rewards. Reportedly, the Alpha version of EigenCloud will be released in tandem with performance upgrades to EigenDA, achieving a throughput of 50MB per second on the Ethereum testnet. In addition, EigenCloud has launched a gated preview of EigenVerify, designed to adjudicate disputes in off-chain systems such as AI agents or prediction markets.