Ava Protocol Acquires Openstory to Boost Real-Time Blockchain Insights

Ava Protocol, a Web3 automation platform, has acquired Openstory, a leading data streaming platform focusing on on-chain data and analytics. This integration will enhance Ava Protocol’s ability to provide real-time insights into Ethereum Virtual Machine (EVM) chain activities through advanced data streaming and analytics. Along with several key appointments, this acquisition marks a significant step in Ava Protocol’s growth.

Key Takeaways

• Enhanced Real-Time Blockchain Insights: Ava Protocol’s acquisition of Openstory improves its ability to provide real-time Ethereum Virtual Machine (EVM) chain insights.

• Strategic Key Appointments: New talents, including Sam Shev and Scott Staton, will increase awareness and educate the industry about the Ava Protocol.

• Funding for Innovation: Recent funding will support the development of advanced private autonomous transaction solutions.

Enhancing Blockchain Decision-Making

Ava Protocol claims the acquisition will enhance decision-making, scalability, and performance for blockchain applications using its autonomous transaction infrastructure.

Chris Li, CEO of Ava Protocol, expressed confidence in meeting the industry’s growing 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, founder of Openstory and now a Systems Architect at Ava Protocol, also expressed excitement about the collaboration: “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 passion for leaving a lasting imprint on the Web3 world.”

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Ava Protocol’s Growing Ecosystem

Ava Protocol has also welcomed Sam Shev as Head of Marketing and Scott Staton as Research and Content Lead. Shev, who has over a decade of experience at Google and Postman, will focus on increasing awareness and adoption of the Ava Protocol. Staton, with an editorial background at The New Yorker and Vice Media and a previous role at Dfinity, will concentrate on educating the industry about Ava Protocol’s mission.

With an ecosystem of over 30 dApp partners and a testnet processing 1,000 automated transactions daily across 10,000+ unique wallets, Ava Protocol is a leader in blockchain automation. Recently, Ava Protocol completed a $10 million seed funding round, backed by top investors such as Electric Capital, Foundation Capital, Greylock, and GSR. This funding will support the development of an intent-centric Eigenlayer AVS to power private autonomous transactions on Ethereum (ETH) and beyond.

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Conclusion

Ava Protocol’s acquisition of Openstory significantly boosts its capabilities in providing real-time blockchain insights. Key appointments, including Sam Shev and Scott Staton, further strengthen the team. With over 30 dApp partners and robust testnet activity, Ava Protocol stands out in blockchain automation. The recent $10 million seed funding will support the development of advanced private autonomous transaction solutions, marking a new chapter in its growth and innovation.

FAQ

What is the Ava Protocol, and what does it do?

Ava Protocol is a Web3 automation platform that enhances blockchain applications by providing real-time insights into Ethereum Virtual Machine (EVM) chain activities through advanced data streaming and analytics.

How does Ava Protocol enhance blockchain decision-making and performance?

Ava Protocol enhances decision-making and performance by integrating advanced data streaming and analytics, allowing for real-time insights into blockchain activities and improving the scalability and efficiency of blockchain applications.

How will the acquisition of Openstory benefit Ava Protocol?

The acquisition of Openstory will improve Ava Protocol’s ability to deliver precise, real-time insights and analytics on blockchain activities, enhancing decision-making, scalability, and performance for blockchain applications.