Avail, a company originating from Ethereum layer-2 solution Polygon, has secured $43 million in a Series A funding round aimed at developing a unified layer to tackle scalability challenges and fragmentation issues within the Web3 ecosystem. This funding, disclosed in a statement to CryptoSlate on June 4, brings Avail's total funding to $75 million, including a previous $32 million from its pre-seed round. Notable investors in the Series A round include Founders Fund, Dragonfly Capital, and Cyber Fund.

Anurag Arjun, Co-founder of Avail, emphasized that this funding will enable the company to continue addressing critical challenges in Web3, such as blockchain fragmentation, limited scaling, and inadequate data availability. The timing of the funding coincides with Avail's upcoming Avail DA mainnet launch, anticipated in the coming weeks. During its incentivized testnet phase, Avail DA demonstrated robust performance by processing over 118 million transactions and handling more than 140GB of data submissions.

Avail's strategy involves deploying a Unification Layer, a modular technology stack that integrates data availability and shared security mechanisms. This approach aims to foster seamless interoperability among modular blockchains, thereby enhancing the security, cost-efficiency, and user-friendliness of the blockchain ecosystem. Additionally, the funding will support the development of Fusion Security, designed to ensure shared security across the Avail ecosystem by leveraging native assets from established ecosystems like Bitcoin and Ethereum.

Looking forward, Avail plans to launch Avail Nexus, a zero-knowledge rollup built on Avail DA, to address challenges in cross-rollup interoperability. This layer will function as a verification hub, enabling integration across multiple rollups to mitigate liquidity silos caused by blockchain fragmentation.

Joey Krug, Partner at Founders Fund, commented on Avail's innovative approach, particularly highlighting their cost-effective data availability solution and their Nexus interoperability layer. He noted that Avail's technology stack simplifies the creation of new protocols across various crypto categories, underscoring its potential impact on the broader crypto landscape.