📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
Three major campaigns are launching simultaneously: Launchpool subscription, CandyDrop airdrop, and Alpha exclusive trading — don’t miss out!
🎨 Campaign 1: Post on Gate Square and win content rewards
📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
📌 How to participate:
Post original content (at least 100 words) on Gate Square related to
Eigen Labs Cuts 25% of Workforce to Prioritize EigenCloud: Report - Unchained
Eigen Labs has laid off 25% of its workforce, amounting to 29 employees, Blockworks reported on Tuesday
The layoffs were part of a strategic shift to focus on the development and expansion of its new platform EigenCloud, for which the company raised $70 million in June.
EigenCloud enables the creation of verifiable, trustless applications – both onchain and offchain – by combining traditional cloud programmability with cryptographic, blockchain-grade verifiability.
This story is an excerpt from the Unchained Daily newsletter.
Subscribe here to get these updates in your email for free
“While today’s reorganization is painful, I’m extremely optimistic about our future,” said Eigen Labs CEO Sreeram Kannan.
“Demand for verifiable compute is growing as developers build software for the AI era, and EigenCloud is uniquely positioned to service this market need with a cloud platform backed by billions in stake and thousands of operators around the world.”
Impacted staff will reportedly receive accelerated token vesting, three months of base pay, and career support.
EigenLayer’s native token EIGEN rose nearly 10% after the news to an intraday high of $1.17. The token has rallied significantly since its all-time low of $0.66 three months ago, but is still trading 80% lower than its record high of $5.65 in December