The modular blockchain project Avail has completed a $43 million Series A financing round

PANews reported on June 4th that, according to The Block, Peter Thiel's Founders Fund co-led a $43 million Series A funding round for Avail, a modular blockchain project spun off from Polygon. Dragonfly and Cyber​​ Fund also jointly led this financing round. Other investors include SevenX Ventures, Figment Capital, Nomad Capital, Chapter One, Foresight Ventures, Mirana Ventures, KR1, Alliance and Hashkey Capital.

Avail aims to simplify and enhance the scalability of blockchain through modular design. Its products include Data Availability Layer (DA), Nexus Authorization Center and Fusion Security. This financing will help Avail advance the launch of its mainnet and further develop its technology and market positioning. Avail is currently running on the testnet with plans to launch Nexus later this year and introduce Fusion Security next year.