Eigen Labs launches EigenCloud platform and receives $70 million investment from a16z crypto According to Forbes, Eigen Labs has announced the launch of the EigenCloud platform, aimed at providing blockchain level trust assurance for Web2 and Web3 applications. This platform is based on EigenLayer's staking protocol and integrates data availability, general computing, and dispute resolution functions. In addition, a16z crypto purchased EIGEN tokens for $70 million, continuing its investment layout after its $100 million Series B funding in February 2024. The alpha version of the platform has been launched, and the test network data shows that its data availability layer throughput reaches 50MB/s. EigenCloud plans to extend blockchain technology to traditional fields such as medical records and machine learning through the "verifiability as a service" model. At present, the platform is gradually opening up to developers and is expected to be fully launched by the end of 2025. Founder Sreeram Kannan stated that the platform will narrow the gap between developer needs and blockchain capabilities.