Ava Protocol has announced the strategic acquisition of Openstory, an industry-leading data streaming platform for on-chain data and analytics. Ava Protocol, which develops core infrastructure for intent-based private autonomous transactions, has also made several high-profile appointments as it sets about expanding its world-class team.
The Openstory takeover will enhance Ava Protocol’s ability to provide precise and timely insights into EVM chain activities through real-time data streaming and analytic capabilities. The net result, according to Ava Protocol’s team, will be improved decision-making, scalability, and performance for blockchain apps leveraging its powerful autonomous transaction infrastructure.
“Integrating Openstory’s exceptional real-time data streaming technology marks a significant milestone for Ava Protocol as we set about transforming blockchain automation,” said Chris Li, CEO of Ava Protocol. “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.”
Ava Protocol’s expansion includes the appointment of Openstory founder Vinh Nguyen as Systems Architect. A Polkadot core developer and former key contributor to InfluxData, Nguyen brings vast experience in building cutting-edge data platforms, which will be instrumental in driving Ava Protocol’s innovation.
“To say that I’m delighted to join Ava Protocol and excited to empower the future of blockchain automation would be an understatement,” said Nguyen. “Ava Protocol’s vision for enabling private and composable autonomous transactions aligns with my own passion for leaving a lasting imprint on the web3 world.”
Two additional strategic hires have also bolstered the ranks of Ava Protocol. Bringing over a decade of experience from companies like Google and Postman, Sam Shev joins as Head of Marketing, where his remit will be on driving awareness and adoption of Ava Protocol’s vision.
Scott Staton is Ava Protocol’s new Research and Content Lead. Drawing from his editorial experience at The New Yorker and Vice Media, as well as his previous role leading content for the decentralized computing startup Dfinity, he will focus on educating the industry about Ava Protocol’s mission.
“I’m thrilled to join Ava Protocol, a trailblazer in decentralized automation, as Head of Marketing,” said Shev. “The opportunity to contribute to a team that is revolutionizing the industry is truly inspiring. I am eager to collaborate with the brilliant minds at Ava Protocol and help shape a future where our work today becomes the foundation for tomorrow’s norms.”
“At Ava Protocol, we’re laying the groundwork for an autonomous future that’s private, composable, and on-chain,” added Staton. “The team’s dedication to advancing blockchain technology is impressive, and I’m excited to help inform and engage the broader community on this vital work.”
With its growing ecosystem of over 30 dapp partners and a testnet processing 1,000 automated transactions daily across 10,000+ unique wallets, Ava Protocol is operating at the forefront of blockchain automation. It recently announced the completion of a $10 million seed funding round, having received backing from top investors like Electric Capital, Foundation Capital, Greylock and GSR.
The funding will be allocated to support its development of an intent-centric Eigenlayer AVS to power private autonomous transactions on Ethereum and beyond.
About Ava Protocol
Ava Protocol is an event-driven Eigenlayer AVS that seamlessly enables private autonomous super-transactions for various use cases, including DeFi, web3 games, RWAs, and NFTs. By enabling seamless and code-free implementations on Ethereum and other blockchains, Ava Protocol empowers developers and dapps to integrate Stripe-like single-click transactions and automated workflows.
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