Andreessen Horowitz, a prominent venture firm, has invested $100 million in EigenLayer, a crypto startup focusing on Ethereum restaking protocols, in a Series B funding round. This investment marks a significant bet on blockchain technology, with EigenLayer raising this amount after a previous $50 million round in March 2023. Founded by Sreeram Kannan, a former associate professor at the University of Washington, EigenLayer aims to enhance Ethereum projects through a points system facilitating crypto 'restaking.' Eigen Labs, the development team behind EigenLayer, has been identified as the beneficiary of this substantial funding round, which was led solely by Andreessen Horowitz as the sole backer. The investment underscores continued confidence in blockchain technology among leading investors and highlights EigenLayer's role in lowering barriers to creative deployment in Ethereum's middleware ecosystem, contributing to its nearly $8B in TVL.