The decentralized platform that operates permissioned subnetworks and assets on a public network, has just announced the acquisition of Investery Inc., a private capital markets platform that empowers investors to manage alternative investments
AVA is led by Professor Emin Gün Sirer, one of the most esteemed cryptocurrency thinkers and is powered by the Avalanche Consensus protocol which can achieve high performance and scalability while solving some of the issues present in traditional consensus algorithms.
The Avalanche consensus mechanism was published in mid-2018 and was implemented by AVA labs. This new consensus mechanism aims to create a network without any leader as all nodes have equal status here.
What is AVA Labs Trying to Achieve?
According to the team, the recent acquisition will be used to continue to support the development of financial services and innovation in the DeFi space.
What’s more, we’re delighted and honored to welcome John Wu and Lydia Chiu to the AVA team. As Wall St. alumni, John and Lydia bring with them significant expertise that will enable us to bridge the gap between traditional finance and digital assets. This is an important strategic push for AVA that will further strengthen our platform, broaden our base of partnerships, and assist us in reaching new customers.
John will also be appointed as the President of AVA and Lydia will take the role of Vice President of Business Development.