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.
