“One of many central bottlenecks to innovation in at this time’s crypto ecosystem is the requirement for initiatives to bootstrap belief, or cryptoeconomic safety,” stated EigenLabs founder and CEO Sreeram Kannan within the press launch. “We began engaged on EigenLayer within the hopes of making a brand new mannequin wherein builders can simply devour belief, as a substitute of needing to construct belief, and design highly effective techniques of assurances that make the crypto ecosystem safer and extra helpful.” .