Ava Protocol Receives $10 million Seed Funding
2024-06-11 21:59:26
Ava Protocol (formerly OAK Network) received $10 million in seed funding ($5.50 million initial and $4.50 million above seed) to develop its Eigenlayer AVS for private autonomous trading on Ethereum, according to the team: "Investors include Electric Capital, Taisu Ventures and Polygon founder Sandeep Nailwal. The funding supports core Web3 infrastructure to automate cross-chain smart contracts for applications such as limit orders on decentralized exchanges. Ava has more than 30 partners, including Polkadot and Moonbeam, to simplify the deployment of Web3 applications."
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