Ava Protocol secures $10 million in seed funding

06/12 00:02

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Ava Protocol (formerly known as OAK Network) has raised $10 million in seed funding (initial funding of $5.5 million and seed round funding of $4.5 million) to develop its Eigenlayer AVS for private autonomous trading on Ethereum. The team stated that "investors include Electric Capital, Taisu Ventures, and Polygon founder Sandeep Nailwal." This funding supports core Web3 infrastructure for cross-chain smart contract automation for applications such as decentralized exchange limit orders. Ava has more than 30 partners, including Polkadot and Moonbeam, with the aim of simplifying the deployment of Web3 applications."

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