The re-staking protocol Inception built on EigenLayer announced that it will cease operations

ChainCatcher news, the re-staking protocol Inception built on EigenLayer has announced its termination of operations. The announcement stated that Inception has not found a suitable product-market fit in the past two years. Additionally, the lack of liquidity rewards in shared security has made it difficult for the protocol to move forward.

According to the crypto data platform RootData, in January this year, Inception announced the completion of a $3.5 million seed round financing, with participation from London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital, and Absoluta Digital.