📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
Include screenshots of your Launchpool participation (e.g., staking record, reward
This Altcoin on Binance Announces $70 Million in Investment! Then he introduced his new platform!
The restaking platform Eigen Labs announced the launch of EigenCloud with the support of a16z.
According to a report by Forbes, Eigen Labs has launched EigenCloud, a new platform built on the Ethereum restake protocol aimed at providing verifiable security for Web2 and Web3 applications.
The launch was initiated with a $70 million investment from Andreessen Horowitz's blockchain-focused branch a16z crypto.
Accordingly, a16z crypto purchased $70 million worth of EigenLayer's EIGEN tokens, leading Eigen Labs' $100 million Series B round.
The funds raised in the Series B funding round will help accelerate the launch and commercialization of EigenLayer's new developer platform, EigenCloud.
Ethereum co-founder and Consensys CEO Joe Lubin*** said:
"We are entering a new era where verifiability has become a fundamental building block of the internet, and EigenCloud is a bold step taken in this direction.
*By bringing verifiability to the cloud-based developer experience, Sreeram and Eigen Labs have become best-in-class leaders in expanding what's possible on Ethereum and advancing the infrastructure for more trusted digital systems." *
EigenLayer allows those who stake Ethereum to "re-stake" their ETH to secure third-party services known as autonomous verifiable services.
After the news, the EIGEN price moved slightly.
*Not investment advice.
Follow our Telegram group, Twitter account, and Youtube channel for exclusive news, analyses, and on-chain data! Also, download our Android and IOS Apps to start live price tracking right away!