Inception closed down due to not being able to find a foothold in the market.

2025-07-11 18:28:42

Abstract generation in progress

The liquid restaking platform Inception has announced its shutdown after two years of development due to not achieving product-market fit. The project had deployed over 15 LRT, integrated with more than 60 DeFi protocols, and conducted 8+ security audits.

Although users can still withdraw funds safely, the team recommends withdrawing early.

This move comes after Eigen Labs — the developer of EigenLayer — laid off 25% of its staff to focus on EigenCloud. Previously, a16z crypto invested $70 million to purchase EIGEN tokens to support this platform.

Inception raised a seed funding of 3.5 million USD in January 2025.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.