🚀ARPA Network has launched the EigenLayer secured actively validated service (AVS), a game-changer for multi-chain expansion and Web3 security! Built on Ethereum, EigenLayer introduces "restaking," a new feature allowing users to stake ETH or liquid staking tokens (LST) for additional rewards.🔐
Key components of its architecture include AVSs, restakers, operators, and AVS consumers. The ARPA BLS Threshold Signature Scheme (BLS-TSS) Network serves as an AVS, generating secure BLS threshold signatures.
ARPA's collaboration with EigenLayer and Randcast promises fairness in gaming, NFT rarity assurance, blockchain consensus, marketing campaigns, and DAO governance.
The ARPA Network AVS on EigenLayer has launched with the support of top-tier operators who've received over 2 million ETH (around $7 billion) in restaking from 80,000 stakers.
ARPA, a decentralized computation network, recently secured a $6 million strategic investment led by Nomura’s Laser Digital and DeFiance Capital, fueling expansion in on-chain gaming, Autonomous Worlds, and cryptographic AI.
Exciting times ahead for ARPA and Ethereum! 💫 What are your thoughts on this development? Share in the comments below! 👇