Odaily Planet Daily News According to official news, Avail, a blockchain expansion service provider, announced the launch of the Avail Foundation. By supporting the development of trust-minimized systems, the Foundation aims to enable global users to interact and trade seamlessly and securely. The Foundation's initial focus is to foster and develop the ecosystem around the Avail protocol. By working with different stakeholders and partners across the industry, the Foundation aims to create a global-scale infrastructure that enables trust-minimized systems to flourish. The Avail Foundation will be established in Switzerland, following the precedents of other blockchain foundations. By establishing a foundation in Switzerland, it ensures that it operates within a sound legal system, making it legally responsible for its established mission and maintaining its non-profit status, transparency, governance and compliance with international standards. Over time, Avail will transfer all IP related to the Avail protocol (including Avail DA, Avail Nexus, Avail Fusion, etc.) to the Foundation. The main plans of the Avail Foundation include: 1. Grants, development and research; 2. Education, adoption and community engagement.
