Avail, an Ethereum Data Network to Rival Celestia, Raises $27M In Seed Round
Summary
Avail, a new "data availability" blockchain project, raised $27 million in a fundraising led by Founders Fund and Dragonfly. The project, spun out of Polygon, aims to develop three core products: data availability solution (DA), Nexus, and Fusion. Avail DA will offer data space for layer-2 networks, while Nexus will connect different rollups through the Avail ecosystem. Fusion Security will contribute to the security of the Avail ecosystem. The emergence of these data availability solutions is a hot trend in crypto, aiming to create a more modular blockchain system architecture. The project's components are expected to go live in the coming years.
