Aave has been renamed Avara and has acquired the Web3 startup Los Feliz Engineering

ChainCatcher news, according to The Block, the blockchain technology company Aave Companies has been renamed Avara. Avara will become the parent company of Aave, Lens, the stablecoin GHO, Sonar, and other brands. Meanwhile, Avara has also acquired the Los Angeles Web3 startup Los Feliz Engineering, marking the company's second acquisition following the acquisition of the metaverse mobile app Sonar in December 2022.