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DeFi News

EigenLayer’s Mainnet Attracts Coinbase and Google Cloud

Written By Ezra Kaimenyi Ezra Kaimenyi
Published April 10, 2024 4:22 PM·Updated 2 years ago
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EigenLayer's Mainnet Attracts Coinbase and Google Cloud

EigenLayer’s recent mainnet launch has garnered significant attention, with tech giants Coinbase and Google Cloud joining as operators for the protocol. This development highlights the growing interest in EigenLayer’s innovative approach to blockchain technology.

Coinbase Cloud has expressed its enthusiasm for being among the first operators of the EigenLayer protocol. The firm is poised to serve as a trusted partner for those seeking to restate their Ethereum (ETH) or Liquid Stake Tokens (LSTs).

Operators are live on @eigenlayer! Congrats to EigenLabs on fueling innovation with Ethereum's first restaking protocol.

Coinbase Cloud is proud to be among the protocol's first Operators, ready to serve as a trusted partner for your restaked ETH or LSTs.https://t.co/GUQiueJ6FK

— Coinbase Developer Platform🛡️ (@CoinbaseDev) April 9, 2024

Similarly, Google Cloud has been actively involved in EigenLayer’s testnet since November 2022 and has now implemented an operator node on the mainnet. This move aligns with Google Cloud’s existing web3 and Blockchain infrastructure services, which include node hosting and validator operations management for various blockchains like Ethereum, Solana, and Aptos.

The mainnet launch of EigenLayer and its data availability layer, EigenDA, enables restakers to delegate their stake to their preferred operator.

Both Coinbase and Google Cloud’s involvement as operators underscore the growing significance of EigenLayer’s protocol and the increasing adoption of blockchain technology by major tech companies.

As the blockchain ecosystem continues to evolve, EigenLayer’s ability to attract industry leaders as operators solidifies its position as a promising player in the space.

Also Read: SEC’s Ethereum ETFs Approval Faces Uncertainty

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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