Polygon Spinoff Avail to Launch DA Mainnet
Blockchain data-availability project Avail founded by former Polygon team members has announced the launch of Avail DA Mainnet and the AVAIL token.
This update will mark the first crucial step in Avail’s mission to equip developers with the tools to improve blockchain scalability, liquidity, aiming for seamless usability across various blockchains.
Avail DA is a modular blockchain tech crafted to optimize data availability (DA) for scalable and customizable rollups.
It is a chain-agnostic DA layer that merges KZG commitments with data availability sampling (DAS). This marks a milestone for the blockchain community. The update allows rollups to make the most of the benefits of Ethereum’s danksharding roadmap ahead of its implementation.
“By combining KZG commitments with data availability sampling, we provide the blockchain ecosystem with advanced data availability infrastructure today,” said Prabal Banerjee, co-founder of Avail.
The update will allow developers to connect in any execution environment with Avail DA with just a few lines of code, allowing them to leverage a very powerful blockchain, said Banerjee.
The AVAIL token is another important component of this launch and used to pay for DA fees as well as secure the network through staking.
From today, AVAIL holders can stake their tokens on staking.avail.tools, contributing to network security.
In June, Avail closed a $43 million Series A funding round with participation from venture capital firms Founders Fund, DragonFly Capital, Cyber Fund, and more.
The funding round is in addition to the $32 million raised in Avail’s pre-seed and seed rounds, bringing the total fundraising to $75 million, said Avail.
Investors in Avail include SevenX, Figment, Nomad Capital,
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