According to CoinDesk, the well-known blockchain project Avail announced on Tuesday that it has raised $43 million in a Series A round led by Founders Fund, Dragonfly and Cyber ​​Fund. Avail was independent from Polygon in March 2023, three months after Avail announced its $27 million seed round. Data availability networks like Avail are used to help blockchains store information in a low-cost, easy-to-reference way. This technology is particularly useful in the context of blockchain expansion, helping the second-layer "rollup" network manage transaction data and other information without relying on the main blockchain layer. This offloading reduces the burden on the main chain and reduces costs for end users. The new round of funds will be used to build Avail's unified layer, an advanced modular technology stack that combines data availability, aggregation and shared security, enabling modular blockchains to scale and interoperate securely without permission. Avail said in a press release that the funds will also be used to develop Avail's "Fusion Security" layer, which will use cryptocurrencies like Ethereum (ETH) and Bitcoin (BTC) to enhance the security of the Avail ecosystem. The team previously said it expects Fusion to be online in early 2025.