Rollup Interoperability: Avail, a modular blockchain solution
Avail, a modular blockchain solution, has raised $75 million to advance rollup interoperability and increase the availability of highly secure data. The funding consists of $43 million from a highly sought-after Series A round, plus $32 million that has been raised from pre-seed and seed1 rounds.
The main goal of this funding is to address the issues of scalable data availability, interoperability, and rollup fragmentation through the Unification Layer. This layer is a modular technology stack that combines data availability, aggregation, and security together to enable modular blockchains to scale and operate permissionlessly and securely1.
Avail aims to be a unification layer for Web3, which requires a very high level of security. To achieve this, Avail plans to expand restaking to cover various assets such as BTC and ETH, which will provide sufficient security for thousands of rollups on it1.
This funding will also help Avail accelerate development, expand global presence, and address challenges facing Web3 today, such as blockchain fragmentation, inadequate data availability, and limited scalability. Additionally, this funding will foster partnerships and collaboration with other players across the Web31 ecosystem.
With backing from top venture capital firms like Founders Fund, DragonFly Capital, and Cyber Fund, Avail is in a strong position to drive innovation and growth in the blockchain space#avail #ContentMasteryChallenge01 #Binance #BTC