Top 3 Web3 Stories From This Week 2.23.2024

Here are three web3 stories you need to know from this week.

Eigenlayer gets a $100MM investment led by A16Z. The company operates a restaking protocol that provides security mechanisms for blockchain networks. Their protocol currently has $8Bn locked value already and will use the new funding to grow. Story here.

Hack VC closed a $150MM venture fund to invest in early-stage web3 startups. They said their focus is on modular infrastructure and tokenized real-world assets. The firm has invested in layer 1 Sui, Eigenlayer, Helium, and more. Story here.

The Ethereum Layer 2 network Optimism has announced its fourth airdrop with $40MM worth of their token going to 23K wallets. The goal of this program is to reward contributions made by artists and creators to the Superchain and broader crypto ecosystem. Story here.

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