Eigen Labs is a research organization that contributes to protocols that supercharge innovation on Ethereum. The company recently announced it raised $100 million in funding from Andreessen Horowitz’s a16z crypto.
The company’s founders created Eigen Labs in 2021 to empower open innovation across the blockchain infrastructure stack via building the EigenLayer protocol. And EigenLayer provides blockchain developers access to the highly crypto-economically secure and decentralized network that powers Ethereum, enabling them to more easily launch new protocols and applications with strong assurances of reliability and scalability. This supercharges the entire crypto ecosystem with a higher quantity and quality of use cases, which delivers to end users safer and more useful crypto products while supporting decentralization.
KEY QUOTES:
“a16z crypto’s research team is led by widely recognized and highly regarded researchers such as Tim Roughgarden and Dan Boneh. At Eigen Labs, our DNA is rooted in academic research, with founder Sreeram Kannan previously teaching at the University of Washington and leading the UW Blockchain Lab. We believe that a focus on quality research best enables us to achieve our mission.”
“Moreover, a16z crypto has demonstrated a commitment to open source contributions: for example, a16z crypto research often makes its work public, and a16z crypto engineers have made important contributions to the industry such as Helios (an Ethereum light client) and in the field of formal verification.”
— Statement from Eigen Labs
