The Eigen Foundation has committed 1% of its EIGEN token supply, equivalent to $8 million, to back Ethereum development through the Protocol Guild. This pledge could result in the Protocol Guild receiving up to 1.6 million EIGEN tokens, valued at $5 each. The Foundation aims to support Ethereum's growth and sustainability by funding projects and contributors within the Guild, which currently consists of over 180 members from 29 teams. EigenLayer, the Foundation's platform, enables users to secure third-party networks by restaking ETH. The Protocol Guild has already received substantial donations, nearing $100 million, with notable contributions from various entities. Despite recent price fluctuations, key metrics suggest potential growth for Bitcoin. CryptoSlate emphasizes the importance of conducting thorough research before engaging in cryptocurrency trading, as it is considered a high-risk activity. Read more AI-generated news on: https://app.chaingpt.org/news

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