Ava Protocol Acquires Openstory: Revolutionizing Blockchain Automation
Ava Protocol, a Web3 automation platform, has recently completed the acquisition of Openstory, a prominent data streaming platform specializing in on-chain data and analytics. This strategic move will enhance Ava Protocol’s capabilities in providing real-time data insights into Ethereum Virtual Machine (EVM) chain activities. With key appointments and this significant acquisition, Ava Protocol is set to revolutionize the realm of blockchain automation.
Enhancing Blockchain Application Performance 🌐
- The acquisition of Openstory will enhance decision-making, scalability, and performance for blockchain applications utilizing Ava Protocol’s autonomous transaction infrastructure.
- Chris Li, CEO of Ava Protocol, highlighted the importance of this milestone in meeting the industry’s demand for private transactions.
“Integrating Openstory’s exceptional real-time data streaming technology marks a significant milestone for Ava Protocol as we set about transforming blockchain automation. With this acquisition and the expansion of our already brilliant team, we will be better able to meet the industry’s growing demand for private, autonomous, and composable transaction solutions.”
Vinh Nguyen, the founder of Openstory and now Systems Architect at Ava Protocol, also expressed enthusiasm for the future collaborations in the blockchain automation sector.
“To say that I’m delighted to join Ava Protocol and excited to empower the future of blockchain automation would be an understatement. Ava Protocol’s vision for enabling private and composable autonomous transactions aligns with my own passion for leaving a lasting imprint on the Web3 world.”
More Talent Joins Ava Protocol 🚀
- Ava Protocol has expanded its team with the addition of Sam Shev as Head of Marketing and Scott Staton as Research and Content Lead.
- Sam Shev, with a wealth of experience from Google and Postman, will drive awareness and adoption of Ava Protocol.
- Scott Staton, leveraging his background in editorial work at The New Yorker and Vice Media, along with his previous role at Dfinity, will focus on educating the industry about Ava Protocol’s mission.
With a network of over 30 dApp partners and a testnet processing 1,000 automated transactions daily across 10,000+ unique wallets, Ava Protocol stands out as a leader in blockchain automation. Recently, the company successfully closed a $10 million seed funding round, attracting investments from prominent entities such as Electric Capital, Foundation Capital, Greylock, and GSR. This funding will drive the development of an intent-centric Eigenlayer AVS to enable private autonomous transactions on Ethereum (ETH) and various other platforms.
Hot Take: Embracing the Future of Blockchain Automation 🔥
In conclusion, Ava Protocol’s acquisition of Openstory marks a significant leap towards revolutionizing blockchain automation. With a focus on enhancing performance, scalability, and decision-making for blockchain applications, Ava Protocol is well-positioned to meet the evolving demands of the industry. The addition of new talent and the recent funding round further solidify Ava Protocol’s position as a pioneering force in the realm of Web3 and blockchain technology. As the company continues to expand its capabilities and offerings, the future of blockchain automation looks promising and filled with opportunities for growth and innovation. Watch this space for more exciting developments from Ava Protocol!
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