According to BlockBeats, on June 12, Ava Protocol (formerly OAK Network) completed a $10 million seed round of financing, with investors including Electric Capital, Taisu Ventures and Polygon founder Sandeep Nailwal. The new funds will be used to develop its Eigenlayer AVS for private autonomous transactions on Ethereum. The team said the funds will support core Web3 infrastructure, automate cross-chain smart contracts, and provide support for applications such as limit orders on decentralized trading platforms. Ava currently has more than 30 partners, including Polkadot and Moonbeam, and aims to simplify the deployment of Web3 applications.
