Avail Raises $27M in Seed Funding to Enhance Blockchain Scalability

Led by Founders Fund and Dragonfly, the seed round aims to develop Avail's modular blockchain project for improved data availability and scalability.

Avail, a modular blockchain project, has secured $27 million in seed funding co-led by Peter Thiel's Founders Fund and Dragonfly.
The project, which originated from Polygon, focuses on enhancing blockchain scalability through its 'Trinity' of core products: Data Availability (DA), Nexus, and Fusion Security.
Avail's DA aims to support the scalability of Ethereum by providing a scalable data availability layer, crucial for the proliferation of rollups.
Nexus, another core component, will serve as a permissionless verification hub to unify rollups, leveraging Avail DA as the root of trust.
Fusion Security plans to enhance the ecosystem's security by integrating the native assets of mature blockchains like Bitcoin and Ethereum.