The restaking protocol Inception has announced the termination of its operations, having been built on EigenLayer.

On July 11, restaking protocol Inception announced that it would cease operations. The team stated that they had failed to find a suitable product-market fit in the past two years, and that the lack of liquidity rewards in the shared security mechanism made it difficult for the protocol to continue.
Inception is built on top of EigenLayer and completed a $3.50 million seed round of financing in January this year, with investors including London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, and Absoluta Digital. [Odaily Planet Daily]