The restaking protocol Inception, built on EigenLayer, has announced that it will cease operations.

Inception, a restaking protocol built on EigenLayer, has announced that it will cease operations. The announcement stated that Inception has not found a suitable product-market fit in the past two years. In addition, the lack of liquidity rewards in shared security has made it impossible for the protocol to continue. According to crypto data platform RootData, Inception announced the completion of a $3.50 million seed round in January this year, with participation from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, Absoluta Digital, and others. [ChainCatcher]