In a world where blockchain technology is evolving by leaps and bounds, one project stands out thanks to its innovative approach and strong support: Avail. This modular blockchain project, which emerged following its separation from Polygon, recently closed a seed funding round, co-led by Peter Thiel’s Founders Fund and Dragonfly, reaching a lavish sum of $27 million.
Strong support for an ambitious vision
The trust placed by major players such as Peter Thiel’s Founders Fund and Dragonfly demonstrates the importance and disruptive potential of Avail in the blockchain ecosystem. With renowned investors such as SevenX Ventures, Figment Capital, Nomad Capital, and several undisclosed angel investors, Avail positions itself as a project at the forefront of innovation.
Anurag Arjun, co-founder of Avail, although discreet on the financial details, underlines the ambition of the project: a new fundraising is underway, thus anticipating an even greater valuation in the future.
What is Avail?
Avail aims to revolutionize the rollup experience – these solutions aim to decongest the network by moving calculations off the main chain. The project stands out for its ability to meet the growing data availability requirements on Ethereum, by providing a scalable, responsive, and proof-validated data availability layer.
The three pillars of Avail: DA, Nexus and Fusion Security
Avail’s strategy is based on three main offerings: DA, Nexus and Fusion Security. DA focuses on improving data availability, Nexus aims to unify rollups through a permissionless verification hub, and Fusion Security proposes to strengthen the security of the Avail ecosystem using native assets from the most mature.
This latest offering, inspired by projects such as EigenLayer, Babylon and Osmosis, stands out for its ability to borrow the economic security of other assets while penalizing defaults.
The rise in popularity of modular projects
Modular blockchain projects are gaining popularity, and Avail, with its holistic approach and infrastructure allowing for greater modularity, stands out clearly from the rest. Joey Krug, Partner at Founders Fund, highlights Avail’s potential to solve today’s problems of fragmentation and unlock unprecedented scalability.
Future prospects
With a testnet already in place and a mainnet launch planned for April, followed by Nexus and Fusion Security, Avail is preparing to become a key player in the blockchain ecosystem. The team, based in Dubai and 43 members strong, is looking to expand, demonstrating the ambition and scope of the project.
Conclusion
Avail represents a major advancement in the world of blockchain, offering innovative solutions for scalability and security challenges. Supported by leading investors, the project is well on its way to redefining the foundations of modular blockchain. With an expanding team and promising innovations under development, Avail is undoubtedly a project to follow closely in the years to come.
