Avail, a modular blockchain venture, has secured a $27 million seed fundraising round led by Peter Thiel’s Founders Fund and Dragonfly. Emerging from Polygon’s inventive ecosystem, Avail has attracted a wide set of investors, including SevenX Ventures, Figment Capital, and Nomad Capital, indicating a vote of confidence in its vision for blockchain scalability.
Avail’s revolutionary method to rollups is intended to address the critical concerns of blockchain scalability. These rollups, which are critical for shifting computational tasks off-chain, are key to Avail’s approach of improving performance and economy.
Through its distinct solutions, Avail DA, Nexus, and Fusion Security, it aims to provide a comprehensive solution that addresses data availability, unifies rollups for smooth integration, and increases ecosystem security.
As Avail prepares for its mainnet launch and expands its personnel, the enthusiasm in the IT community is obvious. With its sights set on revolutionizing the blockchain landscape, Avail is a beacon of innovation, promising to unlock new levels of scalability and security in the digital realm.
More From Crypto SA
