TL;DR
- Avail DA: A Breakthrough Data Availability Solution: Avail, has launched its data availability solution (Avail DA) on the mainnet. Avail DA allows Layer 2 rollups and application-specific chains to store data off-chain, reducing transaction costs.
- The Unification Layer: Avail’s Scalability Suite: Avail DA is the first of three products in Avail’s blockchain scalability suite, known as the “Unification Layer.” Avail plans to introduce Avail Nexus and Avail Fusion in the future.
- The AVAIL Token: Fueling the Ecosystem: The native AVAIL token accompanies Avail DA’s launch. AVAIL tokens were airdropped to web3 developers, testnet contributors, and Polygon PoS stakers.
Avail, a groundbreaking project focused on enhancing blockchain scalability, has achieved remarkable progress in developing blockchain infrastructure. On July 23rd, the project successfully launched its data availability solution, Avail DA, on the mainnet. At the same time, it unveiled its native token, AVAIL, which serves as a vital component within the ecosystem.
Avail DA Mainnet & the AVAIL token are now live!
Today marks the launch of Avail DA, the first modular data availability layer using validity proofs + data availability sampling. Now, build blockchains that truly scale with demand.
The AVAIL token powers the network—pay fees,… pic.twitter.com/t3SNvRV8Sl
— Avail (@AvailProject) July 23, 2024
Avail DA: A Breakthrough Data Availability Solution
Avail DA is a modular solution designed for Layer 2 rollups and application-specific chains. By allowing off-chain data storage, Avail DA significantly reduces transaction costs.
The project has already formed over 70 partnerships with appchains and leading Ethereum scalability teams. Developers using tech stacks like Arbitrum Orbit, Arbitrum AnyTrust, OP Plasma, ZK Stack, Polygon Chain Development Kit, and StarkWare’s Madara rollup framework can leverage Avail DA for data availability services.
Prabal Banerjee, Avail’s co-founder, explained, “By combining KZG commitments with data availability sampling, we’re able to provide the blockchain ecosystem with advanced data availability infrastructure today.”
Joey Krug, a partner at Founders Fund (an investor in Avail), praised the project’s architecture, emphasizing its speed, security, and chain-agnostic approach.
The Unification Layer: Avail’s Scalability Suite
Avail DA is the first of three products that constitute Avail’s blockchain scalability suite, known as the “Unification Layer.” The project plans to follow up with two additional offerings:
- Avail Nexus: A permissionless cross-chain interoperability solution that leverages Avail DA.
- Avail Fusion: An Avail ecosystem staking hub that accommodates various assets.
The AVAIL Token: Fueling the Ecosystem
The launch of Avail DA coincides with the introduction of the native AVAIL token. Here are key details about AVAIL:
- Distribution: Avail airdropped 600 million AVAIL tokens to 345,605 wallets. Eligible recipients include web3 developers, incentivized testnet contributors, rollup users, Polygon PoS stakers, and community contributors.
- Staking Rewards: AVAIL facilitates staking, allowing holders to earn rewards by locking up their tokens and validating transactions. The consensus mechanism is Nominated Proof-of-Stake, ensuring fair distribution among active validators.
- Transferability: Currently, the AVAIL token is non-transferable, focusing on staking participation. However, Avail aims to onboard 1,000 validators initially, with room to support up to 10,000 validators in the future.
Funding and Origins
Avail spun out from Polygon in March 2023 and has garnered substantial support. Investors, including Founders Fund, Dragonfly Capital, and Cyber Capital, have contributed a total of $75 million to fuel Avail’s ambitious vision.
As the blockchain landscape evolves, Avail’s innovative solutions promise to enhance scalability, interoperability, and accessibility across various chains and applications. With Avail DA and the AVAIL token, the project takes a significant step toward achieving its goals.
