Recently, the blockchain technology field has received a big news: AVAIL has successfully raised $75 million. This round of financing was led by well-known venture capital and angel investors including Peter Thiel's Founders Fund, Dragonfly Capital, Cyber Capital, etc., and aims to solve the problems of rollup interoperability, scalability and security. AVAIL plans to use the recently raised $43 million Series A financing to build a unified layer for web3.
AVAIL's Vision and Mission
As rollups become popular in web3, infrastructure-related challenges have begun to emerge and need to be solved urgently. Rollups require data availability (DA) to scale, and AVAIL has been committed to providing unparalleled solutions since 2020. AVAIL's DA technology has been verified in Ethereum's Danksharding roadmap and will be officially launched in the coming weeks.
The Importance of Data Availability
In a recent incentivized testnet, AVAIL DA processed over 118 million transactions and facilitated over 140GB of data submissions, which is close to the total amount of data submissions for all Layer 2 networks (L2s) in 2023. Once developers have access to the rich data availability space on AVAIL DA, their rollups will be able to scale exponentially. However, the question of how rollups can interoperate still needs to be solved, and to this end, AVAIL has proposed a unique solution using the core features of its DA.
AVAIL's Unique Solution
"We need a way for rollups to be permissionless and combined so that cross-rollup transactions can be seamlessly connected," said Anurag Arjun, founder of AVAIL. This concept prompted AVAIL to grow from a project within Polygon Labs to an independent entity led by former Polygon founder Anurag Arjun and research head Prabal Banerjee.
AVAIL's Technical Advantages
With years of experience in blockchain infrastructure construction and the use of cutting-edge zero-knowledge technology (ZK technology), AVAIL has taken a unique approach to solving the scalability, interoperability and security issues of rollups. Prabal Banerjee said: "We need to accept the fact that many ecosystems will coexist and they need to communicate with each other. By starting from the first principles, we can build a more cohesive solution for developers and users."
AVAIL's three core modules
AVAIL DA is one of the three core modules that make up AVAIL's unified layer. Although many methods have been used to scale DA, AVAIL's approach is unique and lays the foundation for broader blockchain interoperability through validity proofs and data availability sampling (DAS). This allows anyone to verify DA guarantees in less than a minute without relying on full nodes.
AVAIL Nexus and Fusion
AVAIL Nexus builds on this unique feature to form an unprecedented cross-chain coordination center that connects users and liquidity. In order to provide extremely strong cryptoeconomic security for the unified center, AVAIL is building a solution to further unify the blockchain ecosystem. By expanding re-staking to include multiple assets such as ETH, BTC, etc., AVAIL is laying the foundation for an innovative shared security layer. Rollups built with AVAIL will benefit from the additional cryptoeconomic security of AVAIL Fusion.
Conclusion: AVAIL's successful financing and its upcoming technical solutions mark an important milestone in the field of blockchain technology. By solving the interoperability, scalability and security issues of rollup, AVAIL not only provides developers and users with a more efficient and secure solution, but also lays a solid foundation for the further development of the entire blockchain ecosystem. In the future, with AVAIL's continued innovation and development, we have reason to look forward to a more interconnected and efficient blockchain world.