Avail, a modular blockchain solution that aims to unify Web3 and optimize data availability for scalable and customized applications, today raised $43 million in an oversubscribed Series A round, which, combined with the $32 million previously raised in Pre-seed and Seed rounds, brings Avail’s total funding to $75 million.

Venture capital firms participating in this round of financing include Founders Fund, DragonFly Capital, Cyber ​​Fund, as well as SevenX, Figment, Nomad Capital, LocalGlobe, Altos Ventures, Chapter One, Superscrypt, Foresight Ventures, Mirana Ventures, KR1, RW3 Ventures, Alliance Dao, Hashkey, Elixir Capital, Spark Digital Capital, and several angel investors.

This round of funding will be used to develop a unified layer to solve the scalability and fragmentation issues of Web3 and provide users with a secure, cost-effective and user-friendly blockchain experience.

The Series A funding will further accelerate Avail’s mission to solve scalable data availability, interoperability, and Rollup fragmentation problems through a unified layer. This is a cutting-edge modular technology stack that combines data availability, aggregation, and shared security to enable modular blockchains to scale and interoperate permissionlessly and securely.

“This Series A funding round marks a pivotal moment for Avail as we work to build the permissionless, unified layer for Web3,” said Anurag Arjun, co-founder of Avail. “With this new funding, we will accelerate development, expand our global reach, and continue to address the most critical challenges facing Web3 today, such as blockchain fragmentation, insufficient data availability, and limited scalability. Additionally, it will help foster collaboration and cooperation with other players across the Web3 ecosystem, which is critical to Avail’s success.”

Avail DA provides developers with a decentralized infrastructure that enables them to quickly build and scale modern blockchain applications. The biggest value of creating a new Rollup instead of creating a separate L1 is that it can inherit the security of the base layer.

In order for Avail to become the unifying layer for Web3, it needs to be extremely secure. To achieve this, Avail will scale Restaking to cover multiple assets such as BTC and ETH, providing ample security for thousands of Rollups.

“Avail is making data availability, a historically costly problem for blockchain, much cheaper and more efficient with their innovative, custom approach. Their DA solution, coupled with the Nexus interoperability layer and Fusion security layer, makes it very easy for teams to create new protocols leveraging Avail’s technology stack. Not only is the solution extremely scalable and inexpensive, but importantly, it is also a very robust security option. We are proud to support Anurag, Prabal, and the talented team at Avail as they build this critical infrastructure for cryptocurrency,” said Joey Krug, Partner at Founders Fund.

The next goal in the development of the Avail unified layer roadmap is Avail Nexus, which solves the problem of cross-Rollup interoperability. This unified layer is a zero-knowledge coordination Rollup built on Avail DA, which acts as a verification center and unifies multiple Rollups to solve the problem of blockchain fragmentation. Avail Nexus will create a seamless experience for users by abstracting the number of chains, regardless of how many Rollups they interact with or which ecosystem these Rollups are built on.

“The potential of Web3 is enormous, and Avail is at the forefront of making this new paradigm accessible and useful,” said Haseeb Qureshi, Managing Partner at Dragonfly. “We are excited to support Avail as they continue to push the boundaries of what’s possible in this space.”

The Series A funding will also support the development of Fusion Security, a new approach to ensuring unified and shared security across the Avail ecosystem. By leveraging native assets from established ecosystems and new Rollup tokens, Fusion Security aims to provide strong cryptoeconomic guarantees, strengthening Avail’s capabilities as a unifying layer for Web3.

Ahead of its mainnet launch in the coming weeks, Avail has achieved major milestones in its incentivized testnet “Clash of Nodes,” peaking at 310 validators, creating nearly 110,000 accounts, and processing 116 million transactions.

“Avail combines an interesting combination of technologies, using mature infrastructure like Substrate, as well as state-of-the-art data availability sampling and zero-knowledge proof schemes,” said Walt Smith, an investor at Cyber ​​Fund. “We believe it has the potential to be a promising technology among different blockchain technologies.”

By providing a scalable data availability layer, a unified cross-chain coordination center, and a highly shared native token economic security, Avail is helping to enable a connected and user-friendly decentralized future.

About Avail

Avail, led by former Polygon co-founder Anurag Arjun, is building a unifying layer that solves the massive Rollup fragmentation problem. Avail is solving blockchain scalability issues from first principles with Avail DA, a foundational DA layer that implements the same technologies planned for Ethereum’s danksharding roadmap, including KZG commitments and Data Availability Sampling (DAS). Avail Nexus solves the growing fragmentation problem by leveraging proof aggregation on Avail’s scalable DA layer for permissionless interoperability. It is then reinforced with multi-asset staking with Avail Fusion.

For more information, please visit: https://www.availproject.org/