Recently, the global investment division of the cryptocurrency exchange Huobi, HTX Ventures, announced a strategic investment in Avail. Avail is a modular blockchain solution designed to unify Web3 and optimize Data Availability (DA) to support scalable and customizable applications.
Avail DA provides developers with decentralized infrastructure to quickly build and expand modern blockchain applications. By incorporating various assets such as BTC and ETH through Rollup, which inherits underlying security and extends re-staking, Avail aims to provide ample security for thousands of Rollups built on its platform.
The managing partner of HTX Ventures shared his investment insights: “The Avail team possesses exceptional technical capabilities, and Avail DA is one of the fastest and most cost-effective data availability solutions on the market. By combining their data availability layer with cross-chain interoperability and the strong security provided by Avail Nexus and Avail Fusion, Avail is building a unified layer for Web3. HTX Ventures is excited to participate in the recently announced $43 million Series A funding round and to support Avail on this journey alongside Founders Fund and Dragonfly.”
Co-founder of Avail, Anurag Arjun, stated: “The Series A funding is a pivotal moment for Avail as we are committed to building a permissionless unified layer for Web3. With this new funding, we will accelerate development, expand globally, and continue to address key challenges faced by Web3, including blockchain fragmentation, insufficient data availability, and limited scalability. Additionally, this will help us establish strategic partnerships throughout the entire Web3 ecosystem, which is crucial for Avail’s success.”
Avail achieved a significant milestone in its incentivized testnet “Clash of Nodes,” creating nearly 110,000 accounts and processing 116 million transactions. This remarkable progress was achieved before the upcoming mainnet launch. HTX Ventures is pleased to support projects like Avail that are building a solid infrastructure for a decentralized and user-friendly future.
About Avail:
Led by former co-founder of Polygon, Anurag Arjun, Avail is building a unified layer to address Rollup fragmentation at scale. Avail fundamentally addresses the scalability issues of blockchain through its data availability layer, Avail DA, which implements technologies outlined in Ethereum’s future “Danksharding” roadmap, including KZG commitments and Data Availability Sampling (DAS). Avail Nexus utilizes proof aggregation on Avail’s scalable DA layer to address the increasingly severe fragmentation issues through permissionless interoperability. Avail further strengthens its security through multi-asset staking with Avail Fusion. Visit availproject.org to start your unified journey.
About HTX Ventures:
HTX Ventures is the global investment division of Huobi, integrating investment, incubation, and research to identify the most promising and forward-thinking teams worldwide. As a pioneer in the industry with a decade of experience in blockchain, HTX Ventures drives cutting-edge technology and emerging business models within the industry, providing comprehensive support to collaborative projects, including financing, resources, and strategic consulting, to establish a long-term blockchain ecosystem.
Currently, HTX Ventures has supported over 300 projects spanning multiple blockchain tracks, with some high-quality projects already trading on the Huobi HTX exchange. Additionally, HTX Ventures is one of the most active Fund of Funds (FOF) investors, working with top global blockchain funds such as Dragonfly, Bankless Ventures, Gitcoin, Figment, and Animoca to collectively build the blockchain ecosystem.