Blockchain
Avail, the long-anticipated “data availability” blockchain project, launches mainnet
Avail, a blockchain “data availability“The project born from Polygon in early 2023 and which has raised 75 million dollars in funding, is finally ready for launch.
The project main network was set to launch on Tuesday, alongside a native token, AVAIL, according to a press release.
Data Availability, or DA for short, is the specialty of cheaply and efficiently storing reams of transactional data produced by blockchains, such as layer-2 networks on Ethereum. Avail joins a growing field of projects, including Celestia, first everwhich aim to take advantage of the growing demand for the service as blockchain networks grow.
“The launch of Get DA Marks “the first step in Avail’s mission to provide developers with the tools they need to increase blockchain scalability, improve liquidity, and ensure seamless usability in any blockchain ecosystem,” according to a press release.
THE highly anticipated projectco-led by Polygon co-founder Anurag Arjun, has raised a total of $75 million in funding, from investors including Founders Fund, Dragonfly, and Cyber Fund. Avail announced last December that it had an agreement has been reached with Ethereum layer-2 developer StarkWare to serve as a DA provider for new application chains. Earlier this year, the project Integration plans released with the main networks Arbitrum, Optimism, Polygon and ZKsync.
And in February, Arjun outlined an expanded “vision” for Avail as “unification layer“helping connect the myriad blockchains and layer 2 ecosystems, with DA as the “base” along with additional projects Linkdescribed as a “permission-free coordination hub” and Fusion“addressing the growing need for shared security.”
In March, developers launched the Ethereum blockchain’s native solution for storing layer 2 transactional data at a lower cost, known as proto-danksharding.
Avail claims to be “the only chain-agnostic DA layer that combines KZG commitments with data availability sampling,” citing two technologies it sees as differentiators.
“This marks a significant milestone for the blockchain community, as it allows rollups to immediately enjoy the features and benefits of Ethereum’s danksharding roadmap,” according to a press release.
According to the release, the Avail network uses a decentralized set of validators, with the goal of initially supporting 1,000 validators, with the possibility of scaling up to 10,000.
According to the project, the AVAIL token will be used to pay DA fees and secure the network through staking.