Avail Unveils the Highly Anticipated Avail DA Mainnet and AVAIL Token, Unifying Web3

2024-07-23 16:00

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Revolutionizing Data Availability, Avail’s long-awaited mainnet launch unlocks cost-effective, scalable rollups and marks a major step toward Web3 unification.

Avail, the company building a unification layer dedicated to bringing all Web3 users and developers together, today announced the launch of the Avail DA mainnet and the AVAIL token. The launch of Avail DA marks the first step for Avail in its mission to provide developers with the tools they need to enhance blockchain scalability, enhance liquidity, and provide seamless usability across any blockchain ecosystem.

AVAIL

Avail DA is an innovative modular blockchain technology designed specifically to improve data availability for scalable, user-customizable rollups. It combines KZG commitments and Data Availability Sampling (DAS) to break the boundaries between blockchains. This initiative sets a new milestone in the blockchain field, allowing rollups to immediately experience the advanced features and advantages planned in the Ethereum danksharding roadmap.

Avail’s light client efficiently verifies data availability through proofs of validity, and this technology can be easily integrated into everyday consumer hardware, such as smartphones. Combining data availability sampling and proofs of validity, Avail is able to provide rapid data availability guarantees, so that once a block is confirmed by Avail’s validators, the relevant data can be sampled. To reduce the risk of validator centralization, Avail has introduced a Nominated Proof of Stake (NPoS) consensus mechanism to ensure that staked tokens are fairly distributed among active validators. The network’s decentralized validator system is initially planned to support approximately 1,000 validators, and it is expected that this number will be able to expand to 10,000 over time, further enhancing the decentralization and security of the network.

Avail co-founder Prabal Banerjee emphasized: "By combining KZG commitments and data availability sampling technology, we provide the blockchain ecosystem with ready-to-use advanced data infrastructure. Developers can easily connect various execution environments to Avail DA with just a small amount of code, giving them powerful blockchain functions."

Founders Fund partner Joey Krug added: "As cryptocurrencies continue to move towards modularity and interoperability, Avail is building critical infrastructure to promote this innovation process. Avail's architecture uses KZG proofs and data availability sampling (DAS) to achieve excellent speed and security, and is completely unconstrained by a specific blockchain. We are very happy to support this team and are excited about the significant progress they have made in realizing this grand vision."

With the official launch of the Avail DA mainnet, AVAIL token was also unveiled. As the core asset of the Avail network, AVAIL tokens are not only used to pay for data availability (DA) related fees, but also to ensure the security of the network through the staking mechanism. Starting today, AVAIL token holders can start staking their tokens by visiting staking.avail.tools, and receive incentives by participating in staking to jointly maintain the security and stability of the network.

Anurag Arjun, Co-founder of Avail, noted: "The launch of Avail DA and its AVAIL token is the culmination of years of R&D efforts to address the most pressing issues of Web3 today, including blockchain fragmentation, data availability shortages, and scalability limitations. This innovation is a solid foundation for the future development of blockchain technology and will promote seamless collaboration across the entire ecosystem. We are excited about the innovative applications that partners and developers will build on the Avail platform."

Avail DA supports a variety of blockchain architectures, including Validiums, Optimiums, sovereign rollups, and Bitcoin's second layer network (BTC L2). Currently, more than 70 partners have joined, including application-specific blockchains, decentralized finance (DeFi) solutions, and Web3 game chains that will be integrated with Avail DA at launch or soon after. Additionally, Avail has integrated with major Ethereum layer-2 solutions and rollup frameworks such as Arbitrum Orbit, Optimism OP Stack, Starkware, Polygon CDK, and ZKsync.

The Avail team is excited about sharing the launch of Avail DA with the entire ecosystem and welcomes partners in the community to join in the co-construction. Currently, Avail is actively advancing its next two major product releases: Avail Nexus and Avail Fusion. As an interoperability layer, Avail Nexus provides lightweight but powerful proof aggregation and sequencer selection ZK rollup, built on top of Avail, to achieve cross-rollup and cross-ecosystem settlement. Avail Fusion, as a secure network layer, provides additional cryptoeconomic security through a re-staking mechanism, which completes the construction of a unified layer.

Avail has raised $75m in total funding and is backed by investors including Founders Fund, Dragonfly Capital, and Cyber Capital.

For more information and to start building on Avail DA, visit here.

About Avail

Led by Anurag Arjun, former co-founder of Polygon, Avail is building an innovative unification layer designed to solve the fragmentation problem in rollup technology at scale. Avail DA, the foundation of this unified layer, takes a first principles approach to address blockchain scalability challenges, implementing technologies that match the Ethereum danksharding roadmap, such as KZG commitments and data availability sampling (DAS). Further, Avail Nexus leverages proof aggregation on Avail's scalable DA layer to address increasing blockchain fragmentation and provide permissionless interoperability. Avail's security is further reinforced by Avail Fusion's multi-asset staking mechanism. Start your blockchain unification journey now and visit here to learn more.

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