Eigen Labs has announced the launch of EigenCloud, a platform designed to extend blockchain-grade trust guarantees to any Web2 or Web3 application.

The alpha version launch this week coincides with a fresh $70 million token purchase by a16z crypto, deepening its commitment following the firm’s $100 million Series B investment in February 2024.

The venture firm’s direct purchase of EIGEN tokens indicates alignment with EigenLayer’s token-centric economic model as EigenCloud usage will create new fee flows that can support staking rewards.

The structure introduces a potential yield incentive for restakers, creating a feedback loop between application usage and network participation.