According to CoinDesk, Polygon’s data availability project Avail has officially launched and released its native token AVAIL. The project aims to improve the scalability and liquidity of blockchain by efficiently storing blockchain transaction data.
Avail has raised $75 million in funding from investors including Founders Fund, Dragonfly and Cyber Fund. The project has reached an agreement with StarkWare to provide data availability services for its application chain, and plans to integrate with networks such as Arbitrum, Optimism, Polygon and ZKsync.
Avail claims to be the only chain-agnostic data availability layer that combines KZG commitments and data availability sampling. The network uses a decentralized validator set, initially supporting 1,000 validators, and can be expanded to 10,000 in the future. AVAIL tokens are used to pay for data availability and secure the network through staking.