Ali Yahya, general partner at a16z, wrote on X: "We are pleased to announce that we have invested an additional $70 million in the EigenLayer token EIGEN with a lock-up period. Over the past few years, the EigenLayer team has pioneered a new paradigm for building verifiable, trusted and neutral applications."
According to Spot On Chain, the whale "0x373", which made $70 million from PEPE, bought 319,114 EIGEN at 252.4 ETH ($870,000) five hours ago, increasing its position to 1.39 million ($3.56 million).
Venture capital firm Lemniscap has announced $70 million in funding to support early-stage Web3 startups. The fund will invest in multiple blockchain areas, including zero-knowledge proof infrastructure, consumer applications, emerging Bitcoin ecosystems, security and decentralized physical infrastructure (DePIN). Since its establishment in 2017, Lemniscap has invested in over 130 Web3 projects, including well-known protocols such as Avalanche, Fairblock, Celestia, and others. The company emphas...