Avail Nets $27M for Web3 Unity
Avail secured a $27 million seed round to foster its mission of unifying web3 ecosystems through its modular infrastructure.
The Deets
- Seed Funding Triumph: $27 million raised from leading VCs including Founders Fund and Dragonfly.
- The Avail Trinity: A roadmap comprising Avail DA, Nexus, and Fusion to bridge ecosystems.
- Strategic Partnerships: Support from SevenX, Figment, Nomad Capital, and notable angel investors.
- Infrastructure for the Future: Laying the foundation for a seamless, interconnected blockchain world.
The Bulk
Avail announced a $27 million seed funding round, spearheaded by Founders Fund and Dragonfly Capital, with contributions from other notable VCs and angel investors.
This financial infusion is set to foster the development of the Avail trinity, a three-phase roadmap aimed at bridging the myriad of ecosystems within the web3 space.
Avail aims to pioneer a future where blockchain ecosystems are not siloed entities but part of a cohesive, interoperable network. Through its modular infrastructure—comprised of the aforementioned trilogy, Avail DA, Nexus, and Fusion—Avail envisions a world where different blockchain technologies and scaling solutions can seamlessly interact.
🎤 Platform Prose
Avail stands to anchor the entire web3 ecosystem with a scalable, cutting edge data availability layer, harnessing validity proofs that leverage KZG Polynomial commitments to ensure immediate and reliable data availability, enabling rollups to grow, connect, stay secure, and adapt.Avail
🔜 What's Next?
Avail is gearing up for the launch of its mainnet.
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