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Ava Protocol Secures $10 Million in Seed Funding

Ava Protocol Secures $10 Million in Seed Funding

Bitget2024/06/11 22:36

Ava Protocol (formerly OAK Network) received $10 million in seed funding ($5.5 million in initial funding and $4.5 million in above seed round funding) for the development of its Eigenlayer AVS for private, autonomous trading on Ether, and according to the team, “Investors include Electric Capital, Taisu Ventures, and Polygon founder Sandeep Nailwal.This funding supports the 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, and is designed to simplify the deployment of Web3 applications.”

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