Ava Protocol, an EigenLayer actively validated service (AVS) focused on web3 automation, has acquired Openstory, a blockchain data startup, for an undisclosed sum.

The deal was financed via cash and Ava Protocol's yet-to-launch AP tokens, Ava Protocol Founder and CEO Chris Li told The Block. The deal talks began in the third quarter of last year and closed earlier this year, Li said.

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.

What is Ava Protocol?

Ava Protocol, formerly known as Oak Network, was founded in 2021 to develop autonomous transaction infrastructure on the Polkadot blockchain. The …