Crypto projects continue to build as digital assets ignore the Iran-Israel war, with Bitcoin holding above $105K.
Eigen Labs confirmed releasing the EigenCloud platform, designed to bring blockchain-grade verifiability to any off or on-chain applications.
The launch comes after almost a year of development and research, and it aims to solve one of the top challenges in the crypto arena – making trust programmable and verifiable at scale.
The native EIGEN coin powers the new platform. EigenCloud incorporates high-end developer tools, including EigenVerify, EigenCompute, and EigenDA. These will empower developers to create functional and provably correct applications.
EigenCloud expands the programmability of crypto and makes virtually anything verifiable on-chain. It opens up the opportunity for developers to build highly ambitious products like disintermediated digital marketplaces, on-chain insurance, fully on-chain games, automated adjudication, powerful prediction markets, and verifiable AI.
Eigen Labs’ native token, EIGEN, remained elevated following the announcement.
It rallied more than 2% in the past day as top altcoins like XRP, SOL, and ADA lost up to 4%.
a16z crypto has purchased $70M in EIGEN from the Eigen Foundation.
They previously led Eigen’s $100M Series B in 2024.
Eigen has raised $235M in total.
A16z’s investment reflects increased interest in Eigen Layer’s token-centered financial model as EigenCloud guarantees fresh fees that can sustain staking incentives.
Meanwhile, the new investment will accelerate EigenCloud’s commercialization and support AVSs (autonomous verifiable services) on EigenLayer.
The transformative EigenCloud: why is it unique?
Eigen Labs’ latest release brings something that the blockchain sector has highly sought after – using crypto-economic guarantees to verify off-chain computation, logic, and agreements.
EigenCloud differs from traditional cloud services and other blockchain networks as it makes verifiability a built-in feature.
Developers can leverage EigenVerify to remove misbehaving nodes and resolve disputes.
Also, EigneCompute supports general-purpose tasks that still use layer1-like security guarantees.
These features enable developers to build high-stake applications in industries that demand trust and truth, including media, artificial intelligence, medical records, and legal agreements.
Introducing programmable trust in Ethereum re-staking
EigenCloud integrates general-purpose computing, dispute resolution, and data availability into a single developer-centric platform.
Developers can leverage cryptography technology to prove off-chain occurrences using trust guarantees traditionally earmarked for on-chain actions.
Re-staking has gained traction in kick-starting decentralized infrastructures.
Eigen layer allows Ethereum investors to re-stake their ETH tokens to access third-party services (AVSs).
EigenCloud wants to take the game to another level, and with assets worth over $12 billion staked on EigenLayers and more than 200 AVSs, its momentum is undeniable.
Ethereum co-founder Joe Lubin stated:
By bringing verifiability into the cloud-native developer experiences, Sreeram and Eigen Labs have been best-in-class leaders in expanding what’s possible on Ethereum and advancing the infrastructure for more trustworthy digital systems.
These developments signals increased utility and demand for EIGEN, which could mean impressive growth in the coming times.
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