Modular blockchain base layer Avail has secured $75 million through several investment rounds, as venture capitalists recognize the need to address data availability issues across blockchains.
“With this new capital, we are poised to accelerate our development, expand our global presence, and continue to address the most critical challenges facing Web3 today.” Speaking to Cointelegraph, Arjun explained how Avail DA solves data availability issues by moving data off-chain and verifying its availability, leveraging validity proofs, erasure coding, light clients and data availability sampling to do so.
Through its blockchain unification efforts, Avail wants to foster partnerships and collaborations with other Web3 players. Developers can build and scale modern blockchain applications using Avail’s capability to spin up a new rollup rather than creating a separate layer 1.
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