Andreessen Horowitz, a leading venture capital firm, has declared a substantial $100 million investment in Series B funding for Eigen Labs.

This investment supports Eigen Labs’ development studio, which is responsible for creating EigenLayer, a startup focused on Ethereum restaking. 

The raise, which the companies announced Thursday morning, follows the $50 million in Series A funding Eigen Labs raised roughly a year ago.

EigenLayer enables staked ETH, which represents validators’ commitment to the network’s security, to be “restaked” for securing additional decentralized applications and services within the Ethereum ecosystem.

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