Aave has announced its rebranding to Avara and the acquisition of Los Feliz Engineering, a Los Angeles-based web3 startup. Los Feliz Engineering, the acquired startup, is recognized for its development of the self-custody Ethereum wallet Family and the developer library ConnectKit. This acquisition brings Family and ConnectKit under Avara, now the parent entity of Aave Labs, Sonar, and Family. Benji Taylor, the founder of Family, will also join Avara as the Senior Vice President of Product and Design, along with the entire engineering team from Los Feliz Engineering. With the rebranding to Avara and the acquisition of Los Feliz Engineering, the company is broadening its scope in the web3 sector.
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