Ava Protocol is an intent-based Eigenlayer AVS that facilitates private autonomous transactions across various use cases like DeFi, web3 games, RWAs, and NFTs. It simplifies the integration of automated transactions on Ethereum and other blockchains.
Key highlights:
Ava Protocol acquires data streaming platform Openstory.
New team members from Google, Postman, and The New Yorker join Ava Protocol.
Ava Protocol improves its capabilities in blockchain automation and real-time data analytics.
Ava Protocol has acquired Openstory, a leading data streaming platform for on-chain data and analytics. This strategic acquisition aims to improve Ava Protocol’s ability to provide precise and timely insights into EVM chain activities through real-time data capabilities. This integration will significantly improve the performance of blockchain applications using Ava Protocol’s infrastructure.
Ava Protocol x Openstory 📈 We're thrilled to announce our acquisition of Openstory, a top data streaming platform for on-chain data and analytics. This net result of this acquisition will be improved decision-making, scalability, and performance for blockchain apps leveraging… pic.twitter.com/l9uWdoL10d
— Ava Protocol (@ava_protocol) June 25, 2024
What is Openstory and how it improves Ava Protocol
Openstory is a state-of-the-art data streaming platform designed for on-chain data and analytics. It provides real-time insights and analytics, which will now be integrated into Ava Protocol. This acquisition allows Ava Protocol to offer more precise and timely data.
"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.” —Chris Li, CEO of Ava Protocol
Openstory founder Vinh Nguyen, who has been present since the beginning, will join Ava Protocol as Systems Architect. Nguyen expressed his excitement by stating that his visions for enabling private and composable autonomous transactions align with Ava Protocol’s vision.
Key highlights:
Ava Protocol has over 30 dApp partners.
Testnet processes 1,000 automated transactions daily.
Over 10,000 unique wallets.
Recently completed a $10 million seed funding round.
New strategic hires
Ava Protocol has also welcomed two new strategic hires to its team. Sam Shev, with over a decade of experience at Google and Postman, joins as Head of Marketing. His role will focus on driving awareness and adoption of Ava Protocol’s vision.
"I’m thrilled to join Ava Protocol, a trailblazer in decentralized automation, as Head of Marketing."
Scott Staton is the new Research and Content Lead. He'll bring editorial experience from The New Yorker and Vice Media and will focus on educating the industry about Ava Protocol’s mission.
"At Ava Protocol, we’re laying the groundwork for an autonomous future that’s private, composable, and on-chain."
Conclusion
Ava Protocol’s acquisition of Openstory and the addition of new strategic hires mark a significant step forward in improving its blockchain automation capabilities. With these advancements, the Ava Protocol aims to revolutionize the financial system by creating a decentralized and open infrastructure that facilitates the transfer and management of digital assets.