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The re-staking protocol Inception announced the termination of operations, which was built on EigenLayer
Odaily News The re-staking protocol Inception announced the termination of operations on July 11. The team said that it had failed to find the right product-market fit in the past two years, and the lack of liquidity rewards in the shared security mechanism also made it difficult for the protocol to continue to advance.
Inception is built on EigenLayer and completed a $3.5 million seed round of financing in January this year. Investors include London Real Ventures, Gallet Capital, Metazero Capital, Kinetic Kollective, Zephyrus Capital, DSRV, Dewhales, Connectico Capital, Unreal Capital and Absoluta Digital.
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