Web3 Infrastructure Firm Ava Labs Secures $4.5 Million in Seed Funding

IconCryptoNewsTerminal Staff12 Jun, 2024

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Web3 Infrastructure Firm Ava Labs Secures $4.5 Million in Seed Funding

Ava Labs, a leading Web3 infrastructure firm, has secured $4.5 million in a seed funding round to propel the development of its cross-chain smart contract automation technology. The funding was led by Electric Capital and Taisu Ventures, with participation from other notable investors. The strategic investment will empower Ava Labs to enhance its platform and further its mission of empowering developers in the creation of innovative decentralized applications. Ava Labs is committed to fostering a robust and interoperable Web3 ecosystem. By leveraging the funds raised, the company aims to expand its infrastructure and tools, enabling developers to seamlessly automate smart contracts across multiple chains. This seed funding serves as a testament to the growing interest and potential of Web3, highlighting Ava Labs' position as a key player in shaping the future of decentralized technology. The funds will provide the necessary resources to accelerate the development and adoption of Ava Labs' cross-chain smart contract automation solutions.

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