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Venture capital giant Andreessen Horowitz (a16z) has thrown its weight behind the Ethereum restaking project EigenLayer, investing $100 million in a Series B funding round.
Restaking involves repurposing tokens that are deposited, or “staked,” on a blockchain.
(Bloomberg) -- Venture firm Andreessen Horowitz invested $100 million in crypto startup EigenLayer, suggesting that some of the industry’s top backers are still betting on blockchain despite a steep downturn in crypto venture funding.Most Read from BloombergNvidia Set for Biggest Gain in Nine Months as AI Drives SalesBiden Touts $1.2 Billion in Student Loan Relief With Eye to 2024China Tightens Grip on Stocks With Net Sale Ban at Open, CloseYour 401(k) Will Be Gone Within a DecadeShe Was Set to
Israel needs to send a message to all Arabs over whose lives it has some influence or control that it wants friendship, partnership, cooperation, and growth and a positive inter-relationship.