Eigen Labs has announced layoffs of approximately 25% (29 employees), shifting its business focus to EigenCloud.

EigenCloud, released last month, is a developer platform focused on off-chain and on-chain verification. a16z announced a $70.00 million investment in it, bringing the company's total funding to $220.00 million, including $50.00 million in Series A funding in 2023. https://t.co/5EEjCrGcww