Founders Fund-backed Avail acquires Arcana, offering XAR token holders 4:1 swap into AVAIL

Avail, a modular blockchain infrastructure project backed by Peter Thiel’s Founders Fund and other notable investors, has acquired Arcana, a chain abstraction protocol, in a deal aimed at boosting multichain scalability. The acquisition is Avail’s first and will see Arcana’s chain abstraction and developer tools folded into the Avail tech stack. As part of the […] source: https://www.theblock.co/post/368483/founders-fund-backed-avail-acquires-arcana-offering-xar-token-holders-41-swap-into-avail?utm_source=rss&utm_medium=rss