A16Z invests $ 100 million in the Ethereum protocol in-house layer
A16Z invests $ 100 million in the Ethereum protocol in-house layer
- A16Z has invested $ 100 million in the Ethereum Restaping Protocol in-house.
- The startup founded by the former extraordinary professor of the University of Washington, Sreeram Kannan, collected $ 50 million in March.
- own layer has a TVL of $ 7.84 billion, compared to $ 2.15 billion on February 5, 2024.
The venture company Andreessen Horowitz (A16Z) invested $ 100 million in their own layer, a startup that was founded by the former extraordinary professor of the University of Washington, Sreeram Kannan.
According to a Bloomberg report on Thursday, A16Z was the only investor in the financing round.
A16Z supports your own layer with $ 100 million
own layer is the largest residual acing protocol on Ethereum. It enables validators and stakers to make money by using liquid staking derivatives such as the Lido Staked Ether (Steth) and the Rocketpool Staked ETH (Reth).
The 100 million dollar investment is added to the $ 50 million that the own-layer team collected in March last year.
Ethereum accelerate together: @igenlayer @a16zCrypto
We are pleased to be able to tell you that your own Labs, the core development team, which contributes to your own layer and contributes @Ba Crypto collected. https://t.co/m2jq8hzz0h
- ownerlayer (@eigenlayer) 22. February 2024
The partnership with A16Z Crypto extends the own Labs and the research engagement of A16Z, according to the platforms. This includes open source, public goods and long -term support in the entire industry.
" a16z is extremely durable. As early as 2013, they published views of Bitcoin and Coinbase for the first time. In the following ten years, they continued to support the industry in an important way, among other things by working with political decision-makers and regulatory authorities for a positive technological future " Noopener "Target =" _ Blank "href =" https://www.blog.eigenbeiger.xyz/accelerating-ethere-a16z-crypto-x-eigen-labs/ "> Blog entry .
ownerlayer was founded in 2021 and has had enormous growth in recent months. The protocol is currently the third largest protocol after Total Value Locked (TVL) on Ethereum.
data from defillama shows that the TVL from its own layer is currently 7.84 billion US dollar after it is from $ 2,15 billion on 5. February 2024 has risen sharply.
Source: Coinlist.me