The modular memory blockchain Avail DA mainnet is officially launched, and the native token AVAIL is

Avail, a memory blockchain project aimed at addressing Rollup fragmentation and improving scalability, announced on Tuesday (23rd) that its Data Availability (DA) mainnet has been launched and the native token AVAIL has been launched. Avail DA is a modular memory blockchain solution that aims to optimize data availability and help developers build more scalable, cost-effective, and composable chains.

AVAIL tokens can be used to pay for data availability fees, and holders can pledge tokens starting today to help enhance network security. The AVAIL token will also play a key role in Avail's governance, and according to its official documents, community decisions for the project will be made in stages.

The Avail team stated in an interview with The Block that the total supply of AVAIL tokens is 10 billion. In April, Avail announced the airdrop of 600 million tokens to eligible participants, and the team stated that these tokens will be distributed to eligible wallets at 5 pm Taiwan time on Tuesday. According to official data, the process of claiming AVAIL tokens has ended.

Avail is led by Anurag Arjun, co-founder of Polygon, an Ethereum scaling solution. Avail DA is the first foundational component of the three parts of Avail's end-to-end infrastructure, and the project is currently working on the release of the next two main products: the interoperability layer Nexus and the security network layer Fusion. Arjun states:

The launch of Avail DA and AVAIL tokens represents the result of years of research and development aimed at addressing the most critical challenges facing Web3 today, such as memory blockchain fragmentation, insufficient data availability, and limited scalability

Related report: "How can the modular blockchain Avail 'trinity' roadmap accelerate Web3 unification with $27 million in financing

After announcing the completion of a $45 million Series A funding round in June, Avail has now raised a total of $75 million in funding, with investors including Peter Thiel's Founders Fund, Dragonfly Capital, and Cyber Capital.

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