On June 17, Eigen Labs announced the launch of EigenCloud, a platform designed to extend blockchain-level trust guarantees to any Web2 or Web3 application. EigenCloud will create new fee streams to support staking rewards. The Alpha version of EigenCloud will be released in sync with EigenDA's performance upgrade, achieving a throughput of 50 MB per second on the Ethereum testnet.
Eigen Labs announces launch of EigenCloud, receives $70 million investment from A16z
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