Aave Companies, the developer of DeFi lending protocol Aave, announced on Thursday (16th) that it is rebranding as Avara and acquiring a Los Angeles-based Web3 startup. According to the announcement released by Avara, the company now becomes the parent entity of Aave, Lens, stablecoin GHO, Sonar, and other brands. In addition to the rebranding, Avara also acquired Los Feliz Engineering, the Web3 software development company behind Ethereum crypto wallet Family and developer component library ConnectKit. Benji Taylor, the founder of Family, will join Avara as the Senior Vice President of Product and Design, and the entire Los Feliz Engineering team will also join Avara. Stani Kulechov, the founder of Avara, wrote in a statement that the acquisition of Los Feliz Engineering is the company’s second acquisition since its establishment. On December 5, 2022, the company acquired Sonar, a web3 community gaming application, to expand the ecosystem of decentralized community media platform Lens. Source
Why Did FamilyMart Enter the Cryptocurrency Sector? Trump’s Second Son Reveals the Truth Behind It.
He stated that the family originally had no plans to enter this field, but the banking sys…