It is indeed a landmark occasion, the transformation of Aave Companies into Avara. Aave Companies had Aave, Lens, GHO, and more under its umbrella brand. The company has taken over Los Feliz Engineering (LFE), the inventive team responsible for Family. They will now all be actively involved in developing a high level of Web3 products, as in the case of its extended self-custody Ethereum wallet regarding the mobile and the sought-after ConnectKit developer library.
The entity looks upon the transformation to Avara and the incorporation of Family as a step towards developing an open and decentralized internet that comes with impartiality, encourages participation, and promotes innovation. The aim is to suitably disturb a web space where the major control lies with a couple of internet goliaths. By bringing in Family and the LFE team members, headed by Benji Taylor, they enable Web3 connectivity to increase amongst the masses. Benji Taylor will be the SVP of Product and Design.
Avara’s pledge towards furthering decentralized finance will continue via Aave Labs. They have been known to boost the latest Aave V3 update and deliver the Aave-conventional GHO stablecoin. They will keep on carrying out technological innovations in the DeFi sphere.
In times of Web3, factors such as ownership, management, and profits are changing the method of online interactions. This has helped in turning us into liquid citizens belonging to the internet. They feel encouraged by the endless options provided by Web3, bringing about an open and stable ecosystem.
Belonging to the Avara brand, all the companies will be required to remain in tandem with the prime ethos that has been maintained. This is responsible for high-end design, utility, and features. The company’s vision lies in creating transformative products for the benefit of their community.
For startups requiring to develop from scratch within Web3 or a present business looking for decentralized features, Avara will provide them the option of gaining high-end Web3 features and solutions that help in effortlessly incorporating with every application.
With the Web3 potential mingling with the new-age internet, Avara thinks it will help encourage fresh enterprises to be set up. In turn, this will create a level playing field and bring about a robust Web3 ecosystem that will be useful for users, creatives, and applications. The networks, algorithms, protocols, and DAOs will be added to that. The company is looking favorably towards the times to come.