Avail raises $43M in a Series A funding round

#Avail secures $43M in a Series A funding round co-led by Founders Fund, Dragonfly, and Cyber Fund with participation from Hashkey Capital, SevenX Ventures, Figment Capital, Nomad Capital, Chapter One, Foresight Ventures, Mirana Ventures, KR1, and Alliance.

Avail is a #Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust-minimized way. Previously, the project raised $32M in pre-seed and seed funding rounds.

👉x.com/AvailProject/status/1797978214284808610

#Write2earn
Avail Launches : $75M Data Availability Project from Polygon Spin-off
#Avail #Polugon #NewLaunch $Avail $MATIC

Avail, a blockchain project emerged from Polygon in early 2023 with substantial funding of $75 million, is unveiling its data availability (DA) platform. This platform specializes in efficiently storing vast amounts of transactional data generated by Ethereum layer-2 networks.

Key Technologies and Unique Offerings
Avail distinguishes itself with a focus on "data availability" through innovative technologies like KZG commitments and data-availability sampling. These technologies are pivotal in enhancing scalability, liquidity, and usability within blockchain ecosystems.

Competition in the Data Availability Space
Despite Avail's entry, the DA sector is already bustling with competitors. Celestia, a pioneer in this domain, launched last October with its TIA token airdrop. Recently, NEAR Protocol introduced Nuffle Labs, while EigenLayer continues to dominate despite lacking specific functionalities crucial to the entire setup.

The Role of AVAIL Token
The AVAIL token plays a pivotal role within the Avail ecosystem, serving to pay for DA fees and secure the network through staking. The project plans to initially support 1,000 validators, with future scalability potential up to 10,000 validators.

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.

#Avail #AvailProject #DYM #dymension

Avail, a modular blockchain solution focused on data availability (DA), which split from Polygon in 2023, revealed that five Layer-2 projects—Arbitrum, Optimism, Polygon, StarkWare, and zkSync—will be incorporating with its DA layer.

This collaboration aims to assist developers in creating chains that enhance scalability, reduce costs, and improve compatibility with blockchains following the launch of Avail mainnet soon.

#Avail #blockchain #ZkSync #Optimism #Megadrop

What is the Avail Project and Why is it Important for Blockchain Technology? ⛓️🔗

In the ever-evolving landscape of blockchain technology, Avail emerges as a game-changer, addressing crucial challenges faced by modern blockchain development.

🔹Outdated Technical Solutions:

The reliance on decades-old technical solutions necessitates upgrades. Avail steps in to provide a sustainable blockchain solution, offering a fast and secure data and consensus layer.

🔹Smart Contract Customization Woes:

Customizing smart contracts often leads to scalability and debugging issues. Avail empowers developers with a modular foundation for innovation, allowing flexible customization while avoiding common pitfalls.

🔹Monolithic Chains' Drawbacks:

Building applications directly on monolithic chains is both expensive and slow. Avail provides a remedy by offering a platform that supports various execution environments, enabling the creation of next-gen blockchain solutions.

🔹Key Features:

- Modular foundation for innovation.
- Chain sovereignty for flexible customization.
- Support for various execution environments.

🔹Data Availability in the Web3 Era:

Avail focuses on recording transactions and ensuring data accessibility in the Web3 era. Its modular blockchain seamlessly integrates with different execution environments, giving users control over data availability responsibilities.

🔹Challenges and Solutions:

Scaling blockchain efficiently requires a robust Data Availability (DA) layer. Avail tackles this by utilizing mathematical foundations, eliminating the need for fraud proofs. With a 2-dimensional data availability scheme, it doesn't rely on honest majority assumptions.

🔹Consensus Mechanism:

Avail introduces a decentralized consensus mechanism, steering clear of centralized DAC groups. Nominated Proof of Stake (NPoS) is utilized for block validation, involving validators and nominators in the process. Power distribution among validators occurs through a one-to-many or many-to-many relationship.

#Avail #AvailProject #blockchain​

​​MAJOR RECENT CRYPTO FUNDRAISING EVENTS

#Zama #iqnet #Etherfi #Avail #Taiko $TKO #Tokenfi $TOKEN #Toncoin $TON #Sahara

🚀 Top-10 #tokens Launched in Q3 2024 by #marketcap

#NeiroO — $410M
LBTC — $384M
CBBTC — $335M
$DOGS — $326M
$HMSTR — $298M
USD0 — $269M
#Avail — $267M
G — $250M
SUNDOG — $246M
MMX — $223M

Well, it looks like the #Memecoins🤑🤑 are taking over! Four of them made it to the top 10, with $NEIRO claiming the throne! 🐕‍🦺🎉 Looks like memes can be very profitable!

MAJOR RECENT CRYPTO FUNDRAISING EVENTS

#Bitstamp #Avail $AVAIL #NexusLaboratories #TheSandbox $SAND #Layer3 #L3 #Fhenix #NuffleLabs

⚡️Avail partners with StarkWare to bring data availability to Starknet appchains

Avail has teamed up with StarkWare to facilitate data availability for validity-powered appchains within the Starknet Layer 2 network. Developers can already access the solution on the testnet. This data availability solution will be integrated into Starknet app-chains developed using Madara, a customizable sequencer. Avail is a modular blockchain with a data availability layer designed to scale blockchain networks.

#Avail #StarkNet #StarkNet #Layer2 #L2

Avail, a blockchain data-availability project, confirmed an upcoming drop of 600 million tokens to 354,605 wallet addresses.

Eligible recipients include blockchain ecosystem developers, testnet contributors, Polygon PoS stakers, Polygon PoS stakers, and Avail community members with significant ecosystem contributions.

#Megadrop #Avail #BullorBear #Blockchain

$PROM Integrates Avail Into the Ecosystem

#Avail is a Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust minimized way.

Prom shares Avail's vision of bridging the gaps between diverse #blockchain ecosystems. Together, they will work on addressing existing infrastructure constraints and raising interoperability standards.

#prom $PROM #promvalidators

Avail announced that its mainnet is scheduled to be launched on July 23.

#Avail #AvailProject #ETH_ETF_Approval_23July #BinanceTurns7 #BinanceTournament

As you know, Binance has been running a #Launchpool program for a long time to reward investors who hold $BNB and stable coins on exchange.

At this point, I want to talk about the 45th #Launchpool project ALT | #AltLayer

AltLayer is a decentralized structure used for more accurate and faster scaling in #Web3 solutions.

It has grown rapidly by working compatible with established infrastructures such as EigenLayer, #Celestia #Avail OP Stack, #ZKStack, #Arbitrum Orbit, #Polygon CDK.

I will continue to use Binance #Launchpool in the coming months as it provides us with the opportunity to invest by bringing such new generation #Web3 solutions to us. I held on tightly to the BNBs in my hand.

Avail's mainnet launch is today! The platform will offer liquidity staking and an AVAIL token airdrop.

#AvailProject #Avail #ETH_ETFs_Trading_Today #Bitcoin_Coneference_2024 #BinanceTurns7

🚀 Avail, a Polygon (MATIC) spinoff project, has launched an incentivized testnet, aiming to support validators and light client operators by providing incentives for discovering flaws. This initiative is a significant step towards its mainnet launch. 🧪💡 #Avail #Polygon #Testnet #BlockchainTechnology

BOOM! $PROM Ignites Web3 Revolution with Avail Integration!

Get ready for a game-changing union! Prom is stoked to join forces with Avail Project, the ultimate unification layer for Web3! Together, they're breaking down barriers and unlocking a unified, scalable, and secure blockchain ecosystem!

Avail's groundbreaking tech is the secret sauce that makes it all possible. Its modular stack and Unification Layer are the keys to unlocking a new era of interoperability and innovation!

Stay tuned for more updates on this explosive collaboration that's about to change the face of Web3 forever!
#PromToken #Avail #Web3 #Revolution
#PromEcosystem

Bitcoin is collapsing, these altcoins are resisting: Which ones are at the top?

Despite #Bitcoin ($BTC ) falling below $56,000, which altcoins managed to stay strong?
The cryptocurrency market is performing below bullish expectations. The fact that the leading cryptocurrency BTC has lost nearly 6 percent of its value since September 1 has made investors nervous.
Which altcoins managed to stay strong in the cryptocurrency market, where a pessimistic atmosphere prevails?
#Tribe (TRIBE), the project behind the stablecoin called FEI, managed to stand out with its work in the field of decentralized finance (DeFi). TRIBE rose 14 percent in the last 24 hours.
According to CoinGecko data, TRIBE recorded a trading volume of $8.45 million in the last 24 hours. TRIBE's market value exceeded $200 million.
Rollup project #Avail (AVAIL), shown as a rival to Dymension (DYM), rose by 5.2 percent in the last 24 hours and took the top spot. One of the newest coins of 2024, AVAIL, became the third highest-rising altcoin of the day.
AVAIL, with a market value of $ 242 million, recorded a trading volume of $ 9.45 million in the last 24 hours.
#Toncoin ($TON ), a layer-1 blockchain supported by Telegram, took the top spot by increasing by 4.3 percent in the last 24 hours. It was noteworthy that TON, which went through difficult times, remained strong.
TON, which recorded a trading volume of $ 510 million in the last 24 hours, has a market value of $ 12.15 billion.
Simon’s #Cat (CAT), an important cat figure of BNBChain, managed to remain strong by increasing by 3.3 percent in the last 24 hours. CAT was the only memecoin among the five highest-rising altcoins of the day.
CAT recorded a trading volume of $74 million in the last 24 hours and reached a market value of $154 million.