Eddy Lazzarin, CTO of A16z Crypto, one of the largest cryptocurrency-focused venture capital funds, has criticized the meme coins’ effect on the broad appreciation of the cryptocurrency market. Lazzarin stated that meme coins undermined the “long-term vision of crypto” that has maintained some actors in the space, making it look “like a risky casino.” A16z […]
Eigen Labs Secures $100 Million A16z Investment for Ethereum Protocol Expansion
On Thursday, the Eigen Labs development team, responsible for the Eigenlayer restaking protocol, announced a $ 100 million investment from A16z Crypto. This substantial funding comes after the project’s $ 50 million Series A round in March 2023. Eigenlayer’s Development Team, Eigen Labs, Garners $ 100M from A16z Crypto Eigen Labs has …