Acquisition of Openstory, a prominent platform specializing in on-chain data streaming and analytics, has been completed by Ava Protocol in a strategic maneuver. Ava Protocol, renowned for constructing the foundational infrastructure for intention-driven private autonomous transactions, is focusing on expanding its expert team by bringing on board several distinguished personalities.
The acquisition of Openstory will enhance Ava Protocol’s ability to deliver swift and accurate insights on EVM chain processes through real-time data streaming and advanced analytics. The team at Ava Protocol envisions that leveraging their robust autonomous transaction framework will empower blockchain applications to make informed decisions and function with greater efficiency.
In a recent announcement, Chris Li, the CEO of Ava Protocol, revealed that Vinh Nguyen, the founder of Openstory, has transitioned to Ava Protocol as a Systems Architect, marking a significant milestone in their growth journey. With a track record of substantial contributions to InfluxData and as a core developer for Polkadot, Nguyen brings indispensable knowledge in pioneering data platforms, a vital asset in driving innovation at Ava Protocol.
Expressing his enthusiasm for the new collaboration, Nguyen emphasized the importance of merging expertise to accelerate Ava Protocol’s evolution. Additionally, Ava Protocol has augmented its team with key appointments. Sam Shev, an industry veteran with over a decade of experience from renowned establishments such as Google and Postman, has joined as the Head of Marketing to champion and bolster the adoption of Ava Protocol’s vision.
The position of Research and Content Lead at Ava Protocol has been filled by Scott Staton, tasked with educating the sector about the goals and mission of Ava Protocol. Drawing from his background in editorial roles at distinguished publications like The New Yorker and Vice Media, as well as overseeing content for the decentralized computing firm Dfinity, Staton is poised to drive awareness and understanding of Ava Protocol’s aspirations.
In the realm of blockchain automation, Ava Protocol is at the forefront, boasting an expanding network of over 30 dapp partners and a testnet handling over 1,000 automated transactions daily across more than 10,000 distinct wallets. Recently concluding a successful $10 million seed funding round, Ava Protocol has garnered support from reputable investors such as Greylock, Foundation Capital, Electric Capital, and GSR.
The secured funding will be instrumental in advancing the development of Eigenlayer AVS, a revolutionary intent-centric framework poised to facilitate private autonomous transactions on Ethereum and other platforms beyond.
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