Blockchain technology startup Avail raises $27 million in a Seed round

Avail, a Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust-minimized way, has raised $27 million in a seed funding round led by Peter Thiel’s Founders Fund and Dragonfly, with participation from SevenX, Figment, Nomad Capital, and several angel investors. 

The funding underscores the industry's confidence in Avail's innovative approach to solving the fragmentation within the blockchain space.

What is Avail Trinity?

Founded by former Polygon executives Anurag Arjun and Prabal Banerjee, The core of Avail's strategy lies in its Avail Trinity, comprising three foundational components: the Data Availability (DA) layer, Nexus, and Fusion. This trio is designed to enable seamless interaction and scalability across different blockchain ecosystems. 

By focusing on modular execution layers, Avail intends to streamline the rollup experience, making it more efficient for users and developers alike.

Redefining the Web3 landscape

Avail aims to redefine the Web3 landscape. Their vision is to address the challenges of ecosystem fragmentation and enhance interoperability among the myriad of blockchain networks. 

"The rollup-centric future for scaling blockchains is already here," Anurag Arjun said, highlighting the necessity for a unified framework to facilitate communication between different chains.

Avail's DA layer, the first component of the Trinity, is engineered to tackle rollup scalability challenges by ensuring secure and scalable data availability. Following this, Avail Nexus will act as a verification hub, leveraging zero-knowledge-proof technology to unify various rollups across the ecosystem.

Lastly, Fusion Security aims to enhance the platform's security framework by incorporating native assets from mature ecosystems, such as BTC and ETH, to bolster Avail's crypto-economic security.

Leveraging funds 

With the strategic seed funding, Avail aims to anchor the entire Web3 ecosystem with its scalable data availability layer, leveraging validity proofs for immediate and reliable data access. This will not only promise to empower rollups to grow and connect but also to adapt to the evolving demands of the blockchain landscape.