According to Foresight News, Ava Protocol, an EigenLayer active verification service (AVS) focused on Web3 automation, has acquired blockchain data startup Openstory for an undisclosed amount. The transaction was funded by cash and Ava Protocol's yet-to-be-launched AP tokens. Ava Protocol plans to launch on the Ethereum mainnet as EigenLayer AVS within three weeks. After the mainnet launches, Ava Protocol's native AP token will also be launched in 2 to 3 months.
Foresight News previously reported that Ava Protocol (formerly OAK Network) completed a $10 million seed round of financing earlier this month, with Electric Capital and others participating in the investment.
