Avail Secures $43 Million in Series A Funding for Web3 Interoperability
CryptoNewsTerminal Staff04 Jun, 2024
Avail Secures $43 Million in Series A Funding for Web3 Interoperability
Avail, a project spun off from Polygon, has raised $43 million in a Series A funding round. The funding will be utilized to develop a permissionless interoperability layer for Web3. The funding round saw participation from undisclosed investors. Avail had previously raised $32 million in a seed round, bringing its total funding to $75 million. Avail aims to address the fragmentation and lack of interoperability within the Web3 ecosystem. The project is building a scalable and secure solution that will enable seamless communication and data exchange between different blockchains and applications. With the fresh capital, Avail plans to expand its team, enhance its technology, and accelerate its go-to-market strategy. The project's mission is to unlock the full potential of Web3 by fostering interoperability and collaboration.
