Eigen Foundation allocates first strategic grant to Celo Foundation

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Cointime2024/06/27 01:05

By:Cointime

Eigen Foundation has allocated its first strategic funding to Celo Foundation to support the use of EigenDA in Celo Layer 2. cLabs proposed the migration of Celo from EVM-compatible L1 and suggested the use of EigenDA at EthCC in July last year. Migrating to L2 with EigenDA helps avoid high costs associated with native Ethereum storage and maintain Celo's extremely low transaction fees.

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