Avail, a modular blockchain base layer, has successfully raised $75 million in funding to tackle data availability issues in the blockchain space. Led by Anurag Arjun, co-founder of Polygon, Avail aims to address challenges such as blockchain fragmentation, data availability, and scalability within the Web3 ecosystem. The recent $43 million Series A funding round, oversubscribed by venture capitalists, will be used to develop a permissionless unification layer for Web3. By moving data off-chain and utilizing innovative technologies like erasure coding and data availability sampling, Avail aims to provide a solution to data availability problems. With support from major VC firms and angel investors, Avail plans to foster collaborations and streamline blockchain application development. The project's roadmap includes initiatives like Avail Nexus and Fusion Security to enhance cross-rollup operability and security across the Avail ecosystem. Read more AI-generated news on: https://app.chaingpt.org/news