Avail’s Emergence: A New Dawn for Blockchain Scalability

Avail, a brainchild spun off from the Polygon team, heralds the debut of its Avail DA Mainnet alongside the introduction of the AVAIL token. This launch signifies a pivotal advancement in Avail’s ambition to furnish developers with state-of-the-art tools to enhance blockchain scalability and liquidity, aspiring for effortless usability across multiple blockchain ecosystems.

Avail DA: Pioneering Data Availability

Avail DA stands as a modular blockchain technology meticulously engineered to elevate data availability (DA) for scalable and customizable rollups. It operates as a chain-agnostic DA layer, integrating KZG commitments with data availability sampling (DAS), a breakthrough that propels the blockchain sector forward. This advancement allows rollups to harness the advantages of Ethereum’s danksharding roadmap well in advance of its actualization.

“By melding KZG commitments with data availability sampling, we endow the blockchain ecosystem with a cutting-edge data availability infrastructure today,” elucidated Prabal Banerjee, Avail’s co-founder.

Read more: Polygon Spinoff Avail Secures $43M in Series A Financing

The update empowers developers to seamlessly connect any execution environment with Avail DA using minimal code, thereby unlocking formidable blockchain capabilities, Banerjee added.

AVAIL Token: The Heartbeat of the Network

A cornerstone of this launch, the AVAIL token serves dual purposes: remunerating DA fees and fortifying the network through staking. Commencing today, AVAIL holders can stake their tokens on staking.avail.tools, thereby bolstering network security.

Avail’s Financial Backbone: $75 Million Secured

In a testament to its potential, Avail secured $43 million in a Series A funding round in June, drawing investments from premier venture capital firms such as Founders Fund, DragonFly Capital, and Cyber Fund. This round supplements the $32 million amassed in Avail’s pre-seed and seed rounds, culminating in a total of $75 million.

Esteemed investors in Avail encompass SevenX, Figment, Nomad Capital, LocalGlobe, Altos Ventures, Chapter One, Superscrypt, Foresight Ventures, Mirana Ventures, KR1, RW3 Ventures, Alliance Dao, Hashkey, Elixir Capital, and Spark Digital Capital.

The Visionaries Behind Avail

Originating from Polygon Labs, Avail was co-founded by Anurag Arjun and Prabal Banerjee, who have been dedicated to resolving the DA conundrum since 2020. In 2023, Avail embarked on its journey as an autonomous entity, with a mission to deliver a robust data availability platform, empowering developers to architect the next generation of trustless applications.