Web3 Infrastructure provider Avail raises $27M seed round

Avail, a Web3 infrastructure layer designed to unify the blockchain ecosystem, announced a $27 million seed funding round. Founders Fund and Dragonfly led the round.

The company plans to use these funds to further develop its three core products — the Data Availability (DA) layer, the Nexus unification layer, and Fusion, an additive security layer. These core components — dubbed the Avail Trinity — are designed to allow modular execution layers to scale and interoperate in a trust minimized way. Ultimately, the company wants to streamline the rollup experience through a unified and efficient platform for both users and developers of any blockchain ecosystem.