Ava Protocol, an EigenLayer AVS focused on web3 automation, has acquired blockchain data startup Openstory.
Ava Protocol, an EigenLayer actively validated service focused on web3 automation, has acquired Openstory, a blockchain data startup, for an undisclosed sum.
As part of the deal, Openstory founder Vinh Nguyen has joined Ava Protocol as a systems architect. While the deal size hasn't been disclosed, it appears to be a small transaction. Li said Openstory had raised $1 million in an angel round.Ava Protocol, formerly known as Oak Network, was founded in 2021 to develop autonomous transaction infrastructure on the Polkadot blockchain.
Ava Protocol is currently deployed on Ethereum's Holesky testnet and processes over 1,000 automated transactions daily across more than 10,000 unique wallets, Li said. The protocol is planned to launch on the Ethereum mainnet as an EigenLayer AVS in three weeks, Li added.
Deals Defi Infrastructure Layer 1S Mergers &Amp Acquisitions Developer Tools Exclusive Private Company M&Amp Restaking Tokens
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EigenLayer enhances EigenDA security to combat Sybil attacksEigenLayer has implemented ECDSA authentication for EigenDA on the Ethereum mainnet to prevent Sybil and DDoS attacks.
Read more »
EigenLayer's total value locked surpasses $20 billion for the first timeEigenLayer’s TVL has increased to $20.09 billion, marking it as the second-largest DeFi protocol behind Lido.
Read more »
A closer look at EigenLayer daily flows since EIGEN airdropNow that EigenLayer has launched its mainnet, it's in a position to pass on that extra yield to depositors that it had promised before.
Read more »
Ethereum validator P2P.org enables ETH restaking on EigenLayerEthereum validator P2P.org has integrated an automated restaking API, allowing users to restake Ether on protocols like EigenLayer.
Read more »
NodeOps secures $5M seed round to revolutionize node orchestration layerAs the first permissionless Infrastructure Marketplace on EigenLayer, NodeOps is transforming AI, DePIN, and DeFi protocol infrastructure
Read more »
Avalanche Journal: Assessing potential options for Colorado’s No. 24 pick, an “unreal asset”Avs need to leave Las Vegas with a potential impact player or immediate help
Read more »