ChainCatcher reported that according to The Block, Peter Thiel's Founders Fund co-led a $43 million Series A round of investment in Avail, a modular blockchain project separated from Polygon. Dragonfly and Cyber Fund co-led this round of financing. Other investors include SevenX Ventures, Figment Capital, Nomad Capital, Chapter One, Foresight Ventures, Mirana Ventures, KR1, Alliance and Hashkey Capital.
According to RootData, a Web3 asset data platform, Avail is a modular blockchain focused on data availability: blockchain transactions are sorted and recorded, and block data can be proved to be available without downloading the entire block. This allows it to scale in ways that a monolithic blockchain cannot. Off-chain expansion solutions can unlock the full potential of data availability by transferring it to Avail. Independent chains can use Avail to improve the security of validators to ensure data availability.
