Recently, HTX Ventures, the global investment arm of cryptocurrency exchange Huobi HTX, announced a strategic investment in Avail, a modular blockchain solution designed to unify Web3 and optimize data availability (DA) to support scalable and customizable applications.
Avail DA provides developers with decentralized infrastructure that enables them to quickly build and scale modern blockchain applications. By inheriting the underlying security of Rollup and expanding re-staking to include multiple assets such as BTC and ETH, Avail aims to provide sufficient security for thousands of Rollups based on it.
Managing Partner of HTX Ventures shared his investment insights: The Avail team has excellent technical capabilities, and Avail DA is one of the fastest and most cost-effective data availability solutions on the market today. By combining their data availability layer with cross-chain interoperability and the strong security provided by Avail Nexus and Avail Fusion, Avail is building a unified layer for Web3. HTX Ventures is excited to participate in the recently announced $43 million Series A round and to support Avail on this journey together with Founders Fund and Dragonfly.
Anurag Arjun, co-founder of Avail, said: “This Series A funding comes at a critical moment for Avail as we work to build the permissionless, unified layer for Web3. With this new funding, we will accelerate development, expand our global footprint, and continue to address key challenges facing Web3, including blockchain splits, insufficient data availability, and limited scalability. Additionally, it will help us build strategic partnerships across the Web3 ecosystem, which is critical to Avail’s success.”
In its incentivized testnet “Clash of Nodes”, Avail has reached a major milestone, with nearly 110,000 accounts created and 116 million transactions processed. This is an impressive achievement ahead of the upcoming mainnet launch. HTX Ventures is pleased to support projects like Avail that are building solid infrastructure for a decentralized, user-friendly future.
About Avail
Led by former Polygon co-founder Anurag Arjun, Avail is building a unifying layer to solve Rollup splits at scale. Avail is fundamentally addressing blockchain scalability issues with its data availability layer, Avail DA, which implements technologies from Ethereum’s future “Danksharding” roadmap, including KZG commitments and Data Availability Sampling (DAS). Avail Nexus leverages proof aggregation on Avail’s scalable DA layer to address the growing problem of splits with permissionless interoperability. Avail further strengthens its security with multi-asset staking with Avail Fusion. Visit availproject.org to start your unification journey.
About HTX Ventures
HTX Ventures is the global investment arm of Huobi HTX, integrating investment, incubation and research to identify the best and most promising teams in the world. As a pioneer in the blockchain industry for ten years, HTX Ventures promotes the development of cutting-edge technologies and emerging business models in the industry, and provides full support for cooperative projects, including financing, resources and strategic consulting, to build a long-term blockchain ecosystem.
At present, HTX Ventures has supported more than 300 projects across multiple blockchain tracks, some of which have been listed on Huobi HTX. At the same time, HTX Ventures is one of the most active fund-of-funds (FOF) investors, working with Dragonfly, Bankless Ventures, Gitcoin, Figment, Animoca and other world-leading blockchain funds to jointly build a blockchain ecosystem.
