Engineering and research organization Eigen Labs has launched a new developer platform called EigenCloud, which extends the trust and verifiability benefits of blockchain to both onchain and offchain applications. The move is backed by an investment from a16z crypto, which has purchased $70 million in EIGEN tokens.
Built on the decentralized Ethereum restaking protocol EigenLayer, the unified cloud platform enables verifiability-as-a-service, allowing developers to build Web 2.0 applications that rely on blockchain for payments and trust.
Almost a year of research and development went into Eigen Cloud to address challenges in crypto’s programmability. The platform is built around the EIGEN token and gives developers access to rich offchain programmability alongside onchain verifiability.
“EigenCloud will enable the next generation of disruptive, mass-market crypto apps, closing the gap between what developers want to build onchain and what blockchains allow them to build,” Eigen Labs CEO Sreeram Kannan said in a statement. “EigenCloud expands the programmability of crypto and makes virtually anything verifiable onchain. It opens up the opportunity for developers to build highly ambitious products like disintermediated digital marketplaces, onchain insurance, fully onchain games, automated adjudication, powerful prediction markets and verifiable AI.”
