Avail raises $43M in a Series A funding round

#Avail secures $43M in a Series A funding round co-led by Founders Fund, Dragonfly, and Cyber Fund with participation from Hashkey Capital, SevenX Ventures, Figment Capital, Nomad Capital, Chapter One, Foresight Ventures, Mirana Ventures, KR1, and Alliance.

Avail is a #Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust-minimized way. Previously, the project raised $32M in pre-seed and seed funding rounds.

👉x.com/AvailProject/status/1797978214284808610

Avail Secures $75M in Funding to Build the Unification Layer. 🔥💯🤩

Avail is pleased to announce the successful acquisition of $75 million in total funding, made possible through the support of leading investors including Founders Fund, Dragonfly Capital, and Cyber Fund. This significant financial backing covers Avail's pre-seed, seed, and Series A rounds, with $5 million, $27 million, and $43 million raised respectively.

Avail's mission is to accelerate the development of the Unification Layer, a groundbreaking solution designed to enhance the scalability and efficiency of blockchain networks.

The Unification Layer consists of three core components:

🔹Avail DA: The base data availability layer provides essential infrastructure for scalable blockchain networks.

🔹Avail Nexus: This ZK rollup layer focuses on proof aggregation and sequencer selection, enabling seamless cross-rollup and cross-ecosystem settlement atop Avail DA.

🔹Avail Fusion: A robust crypto-economic security layer underpinned by multiple assets, including BTC and ETH, ensuring comprehensive security for the network.

With this substantial funding, Avail is poised to make significant strides in realizing its vision of a unified, scalable, and secure blockchain ecosystem. The company looks forward to continuing its innovation and contributing to the future of blockchain technology.

#Avail #AvailProject #DYM #dymension

Avail, a modular blockchain solution focused on data availability (DA), which split from Polygon in 2023, revealed that five Layer-2 projects—Arbitrum, Optimism, Polygon, StarkWare, and zkSync—will be incorporating with its DA layer.

This collaboration aims to assist developers in creating chains that enhance scalability, reduce costs, and improve compatibility with blockchains following the launch of Avail mainnet soon.

#Avail #blockchain #ZkSync #Optimism #Megadrop

Avail, a blockchain data-availability project, confirmed an upcoming drop of 600 million tokens to 354,605 wallet addresses.

Eligible recipients include blockchain ecosystem developers, testnet contributors, Polygon PoS stakers, Polygon PoS stakers, and Avail community members with significant ecosystem contributions.

#Megadrop #Avail #BullorBear #Blockchain

⚡️Avail partners with StarkWare to bring data availability to Starknet appchains

Avail has teamed up with StarkWare to facilitate data availability for validity-powered appchains within the Starknet Layer 2 network. Developers can already access the solution on the testnet. This data availability solution will be integrated into Starknet app-chains developed using Madara, a customizable sequencer. Avail is a modular blockchain with a data availability layer designed to scale blockchain networks.

#Avail #StarkNet #StarkNet #Layer2 #L2

As you know, Binance has been running a #Launchpool program for a long time to reward investors who hold $BNB and stable coins on exchange.

At this point, I want to talk about the 45th #Launchpool project ALT | #AltLayer

AltLayer is a decentralized structure used for more accurate and faster scaling in #Web3 solutions.

It has grown rapidly by working compatible with established infrastructures such as EigenLayer, #Celestia #Avail OP Stack, #ZKStack, #Arbitrum Orbit, #Polygon CDK.

I will continue to use Binance #Launchpool in the coming months as it provides us with the opportunity to invest by bringing such new generation #Web3 solutions to us. I held on tightly to the BNBs in my hand.

​​MAJOR RECENT CRYPTO FUNDRAISING EVENTS

#Zama #iqnet #Etherfi #Avail #Taiko $TKO #Tokenfi $TOKEN #Toncoin $TON #Sahara

What is the Avail Project and Why is it Important for Blockchain Technology? ⛓️🔗

In the ever-evolving landscape of blockchain technology, Avail emerges as a game-changer, addressing crucial challenges faced by modern blockchain development.

🔹Outdated Technical Solutions:

The reliance on decades-old technical solutions necessitates upgrades. Avail steps in to provide a sustainable blockchain solution, offering a fast and secure data and consensus layer.

🔹Smart Contract Customization Woes:

Customizing smart contracts often leads to scalability and debugging issues. Avail empowers developers with a modular foundation for innovation, allowing flexible customization while avoiding common pitfalls.

🔹Monolithic Chains' Drawbacks:

Building applications directly on monolithic chains is both expensive and slow. Avail provides a remedy by offering a platform that supports various execution environments, enabling the creation of next-gen blockchain solutions.

🔹Key Features:

- Modular foundation for innovation.
- Chain sovereignty for flexible customization.
- Support for various execution environments.

🔹Data Availability in the Web3 Era:

Avail focuses on recording transactions and ensuring data accessibility in the Web3 era. Its modular blockchain seamlessly integrates with different execution environments, giving users control over data availability responsibilities.

🔹Challenges and Solutions:

Scaling blockchain efficiently requires a robust Data Availability (DA) layer. Avail tackles this by utilizing mathematical foundations, eliminating the need for fraud proofs. With a 2-dimensional data availability scheme, it doesn't rely on honest majority assumptions.

🔹Consensus Mechanism:

Avail introduces a decentralized consensus mechanism, steering clear of centralized DAC groups. Nominated Proof of Stake (NPoS) is utilized for block validation, involving validators and nominators in the process. Power distribution among validators occurs through a one-to-many or many-to-many relationship.

#Avail #AvailProject #blockchain​

🚀 Avail, a Polygon (MATIC) spinoff project, has launched an incentivized testnet, aiming to support validators and light client operators by providing incentives for discovering flaws. This initiative is a significant step towards its mainnet launch. 🧪💡 #Avail #Polygon #Testnet #BlockchainTechnology