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- 🎤 Cheer for Your Idol · Gate Takes You Straight to Token of Love! 🎶
Fam, head to Gate Square now and cheer for #TokenOfLove# — 20 music festival tickets are waiting for you! 🔥
HyunA / SUECO / DJ KAKA / CLICK#15 — Who are you most excited to see? Let’s cheer together!
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🎵 The song you want to he - ✈️ Gate Square | Gate Travel Sharing Event is Ongoing!
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🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
Details 👉 https://www.gate.com/activities/community-vote
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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.
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“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