Avail, a blockchain extension services provider, has raised $75 million through a $43 million Series A funding round, led by Founders Fund, Dragonfly, and Cyber Fund.

The company plans to use the funds to accelerate its vision of building the "Unification Layer", a three-part infrastructure that includes:

•Avail DA: a base data availability layer for scalable blockchain networks
•Avail Nexus: a proof aggregation and sequencer selection ZK rollup for cross-rollup and cross-ecosystem settlement
•Avail Fusion: a crypto-economic security layer secured by multiple assets like BTC and ETH

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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.

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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🔹Outdated Technical Solutions: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.

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Avail announced that its mainnet is scheduled to be launched on July 23.

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Avail's mainnet launch is today! The platform will offer liquidity staking and an AVAIL token airdrop.

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