Web3 infrastructure layer Avail announced the completion of a $27 million seed round led by Founders Fund and Dragonfly, with participation from SevenX Ventures, Figment, Nomad Capital and several angel investors. Avail will use the new financing to accelerate development of three core products on its platform, DA, Nexus and Fusion. These core components that make up Avail Trinity will enable the network to accelerate Web3 unification. It is reported that Avail is designed to allow modular execution layers to extend and interoperate in a way that minimizes trust. It was spun off from the Polygon ecosystem in early 2023 and is led by former Polygon co-founder Anurag Arjun and former head of research Prabal Banerjee. .
Avail's mission is to simplify the rollup experience and provide a unified, efficient platform for users and developers from any ecosystem. To achieve this, Avail has been building Avail Trinity, a unified infrastructure layer that includes a base Data Availability (DA) layer, the Nexus unified layer and the additional security layer Fusion.