In a move to address Web3’s scalability hurdles, Avail, a company linked to Ethereum’s layer-2 solution Polygon, raised $43 million in Series A funding. This brings their total funding to $75 million. Anurag Arjun, Co-founder, highlighted plans to tackle blockchain fragmentation and scaling limitations. The funds will support the upcoming Avail DA mainnet launch and the development of Fusion Security for shared security. Avail Nexus, a zero-knowledge rollup, aims to enhance cross-rollup interoperability.
