Avail launched its data availability mainnet and AVAIL token to enhance scalability and solve rollup fragmentation.
The AVAIL token is vital for data availability fees, staking for network security, and governance in the Avail ecosystem.
Avail’s partnerships and $75M funding aim to address blockchain fragmentation and improve scalability with advanced technology.
The AVAIL blockchain project has introduced its native AVAIL token and data availability mainnet to resolve rollup fragmentation and enhance scalability. The aim is to maximize data availability and give developers the tools they need to create chains that are more scalable, affordable, and modular.
Avail DA Mainnet & the AVAIL token are now live!Today marks the launch of Avail DA, the first modular data availability layer using validity proofs + data availability sampling. Now, build blockchains that truly scale with demand.The AVAIL token powers the network—pay fees,… pic.twitter.com/t3SNvRV8Sl
— Avail (@AvailProject) July 23, 2024
Key Developments and Launch Details
The launch of Avail DA introduces the AVAIL token. Users can use AVAIL to pay data availability fees and participate in staking from Tuesday, enhancing network security. Besides, the AVAIL token will play a crucial role in governance, with the project adopting a phased approach toward community decision-making.
Limited details are currently available on AVAIL’s tokenomics. However, the team revealed a total supply of 10 billion tokens and announced a 600 million token airdrop in April for eligible participants. These tokens became claimable with the main net launch.
Avail is led by Anurag Arjun, a former co-founder of Polygon. The Avail DA launch is the first of three components in Avail’s full-stack architecture. The team is now working on Nexus, the interoperability layer, and Fusion, the security network layer.
Technology and Vision
Avail light clients use validity proofs and data availability sampling to verify data on consumer-grade hardware like mobile phones quickly. This ensures immediate data sampling after block finalization. To prevent centralization, Avail employs a Nominated Proof-of-Stake (NPoS) consensus mechanism. This mechanism distributes staked tokens evenly among validators. The network aims to start with 1,000 validators, potentially expanding to 10,000.
By combining KZG commitments with data availability sampling, Avail provides the blockchain ecosystem with advanced data availability infrastructure. With minimal code, developers can connect any execution environment to Avail DA, gaining powerful blockchain capabilities.
Partnerships and Funding
Avail DA supports various blockchain architectures, including Validiums, Optimiums, Sovereign Rollups, and Bitcoin Layer 2s. The project has secured over 70 partnerships with application-specific blockchains, DeFi projects, and web3 gaming chains.
In April, Avail announced that five Layer 2 projects—Arbitrum, Optimism, Polygon, StarkWare, and zkSync—would integrate with Avail’s architecture following the mainnet launch. Moreover, after a $45 million Series A round in June, Avail raised a total of $75 million from investors like Founders Fund, Dragonfly Capital, and Cyber Capital.
Modular blockchain projects are gaining popularity, with Avail poised to play a critical role in this space. As crypto becomes more modular and interoperable, Avail’s infrastructure will accelerate innovation, achieving impressive speed and security.
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