The challenge mentioned Avail DA presents assist for greater than 70 chains and tech stacks.
Avail, a modular blockchain scalability challenge, launched its knowledge availability answer on mainnet alongside debuting its AVAIL token.
On July 23, the challenge deployed Avail DA on mainnet. Avail DA includes a modular answer permitting Layer 2 rollups application-specific chains to retailer knowledge off-chain — considerably lowering the prices related to transactions.
Avail mentioned it has inked greater than 70 partnerships with appchains and main Ethereum scalability groups. Notably, builders leveraging the tech stacks Arbitrum Orbit, Arbitrum AnyTrust, OP Plasma, ZK Stack, Polygon Chain Growth Equipment, and StarkWare’s Madara rollup framework can use Avail DA for knowledge availability companies.
“By combining KZG commitments with data availability samplingwe’re able to provide the blockchain ecosystem with access to advanced data availability infrastructure today,” mentioned Prabal Banerjee, Avail’s co-founder.
“As crypto increasingly becomes more modular and interoperable, Avail is building critical infrastructure to accelerate this innovation,” said Joey Krug, a partner at Founders Fund — an investor in Avail. “Their architecture… achieves impressive speed and security and is completely chain-agnostic.
In April, Avail said it had already processed more than 100 million transactions ahead of the mainnet launch.
Avail DA is the first of three products that will comprise Avail’s blockchain scalability suite, dubbed the “Unification Layer.”
The project plans to later follow up with the launch of Avail Nexus, a permissionless cross-chain interoperability solution rollups leveraging Avail DA, and Avail Fusion, a staking hub supporting multiple assets within the Avail ecosystem.
Avail spun out from Polygon in March 2023.
AVAIL token
Avail DA’s mainnet deployment coincides with the launch of its native AVAIL token, which is used to pay for fees incurred by using the DA product.
Avail airdropped 600 million AVAIL tokens to 345,605 wallets belonging to various web3 developers and contributors. Eligible wallets include blockchain ecosystem developers, incentivized testnet contributors, rollup users, Polygon PoS stakers, and significant community contributors.
AVAIL also facilitates staking on the network, allowing holders to earn rewards in exchange for locking up their tokens and validating transactions. Avail uses a Nominated Proof-of-Stake consensus mechanism, evenly distributing staked assets across its active validators.
The AVAIL token is currently non-transferable, meaning tokenholders can only able to participate in staking currently. Avail hopes to initially onboard 1,000 validators, and can support up to 10,000 in total.
Avail has raised $75M from investors including Founders Fund, Dragonfly Capital, and Cyber Capital.
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