Ava Protocol, an EigenLayer actively validated service focused on web3 automation, has acquired Openstory, a blockchain data startup, for an undisclosed sum.
As part of the deal, Openstory founder Vinh Nguyen has joined Ava Protocol as a systems architect. While the deal size hasn't been disclosed, it appears to be a small transaction. Li said Openstory had raised $1 million in an angel round.Ava Protocol, formerly known as Oak Network, was founded in 2021 to develop autonomous transaction infrastructure on the Polkadot blockchain.
Ava Protocol is currently deployed on Ethereum's Holesky testnet and processes over 1,000 automated transactions daily across more than 10,000 unique wallets, Li said. The protocol is planned to launch on the Ethereum mainnet as an EigenLayer AVS in three weeks, Li added.
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