Avail (AVAIL): Mainnet and Coin Release Update Info

Bittime - Avail, a blockchain initiative from 2023, has just launched mainnet data availability (DA) along with their native token, AVAIL. This project aims to solve rollup fragmentation and improve scalability in the blockchain ecosystem. Avail DA offers a modular blockchain architecture designed to optimize data accessibility, helping developers build more scalable, cost-effective and composable chains.

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What is Avail?

Avail is a blockchain project focused on increasing data availability and scalability through a modular architecture. By leveraging the availability data layer, Avail enables developers to create more efficient and accessible chains. The project is led by Anurag Arjun, previously co-founder of Polygon, and is committed to addressing key challenges in the blockchain ecosystem such as fragmentation, data scarcity, and scalability limitations.

Newcomers to the Blockchain World

The launch of Avail DA's native token, AVAIL, aims to pay the cost of data availability, with staking opportunities starting on Tuesday to strengthen network security. Additionally, AVAIL will be an integral part of Avail's governance, as the project adopts a gradual methodology towards community decision-making, according to its official documentation.

While details of AVAIL's tokenomics are still limited, the project has revealed a total supply of 10 billion AVAIL tokens, with an airdrop of 600 million tokens for eligible participants, which can be claimed upon activation of the Avail DA layer.

Led by Anurag Arjun, previously co-founder of Polygon, Avail DA represents the initial phase of Avail's comprehensive architecture. The project is now focused on the next major releases: the Nexus interoperability layer and the Fusion security networking layer.

"Avail DA and the introduction of the AVAIL token are the result of years of research and development aimed at addressing the key challenges facing web3 today, including blockchain fragmentation, data scarcity, and limited scalability," said Arjun.

Financial Peek

In a significant financial milestone, Avail raised $75 million in funding, following a $45 million Series A funding round announced in June. Well-known investors such as Peter Thiel's Founders Fund, Dragonfly Capital, and Cyber ​​Capital also contributed to this funding.

According to the project statement, Avail DA is compatible with a variety of blockchain architectures, including Validiums, Optimiums, Sovereign Rollups, and Bitcoin Layer 2. The team states that they have established more than 70 partnerships, covering application-specific blockchains, DeFi, and Web3 gaming chains, all of which integrated with Avail DA.

In April, Avail revealed that five Layer 2 projects—Arbitrum, Optimism, Polygon, StarkWare, and zkSync—will integrate Avail's data availability framework following mainnet launch. The rise of modular blockchain projects has been striking, especially after the launch of Celestia last year. Projects such as Lava and Inco have also recently received funding.

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Conclusion

Avail continues to show great potential in the blockchain ecosystem with the launch of the Avail DA mainnet and the AVAIL token. With its modular architecture and support from leading investors, Avail is poised to become a major player in increasing the scalability and accessibility of data in the blockchain world.

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