Recently, the global investment arm HTX Ventures of the cryptocurrency exchange Huobi HTX announced a strategic investment in Avail. Avail is a modular blockchain solution aimed at unifying Web3 and optimizing Data Availability (DA) to support scalable and customizable applications.
Avail DA provides developers with decentralized infrastructure, enabling them to quickly build and expand modern blockchain applications. By inheriting security at the underlying level through Rollup and extending re-staking, including assets such as BTC and ETH, Avail aims to provide ample security for thousands of Rollups built on top of it.
The managing partner of HTX Ventures shared his investment insights: “The Avail team possesses outstanding technical capabilities, and Avail DA is one of the fastest and most cost-effective data availability solutions on the market. 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 pleased to have participated in the recent announcement of the $43 million Series A funding round and to support Avail on this journey alongside Founders Fund and Dragonfly.”
Co-founder of Avail, Anurag Arjun, stated: “This Series A funding is a crucial moment for Avail as we are committed to building a permissionless unified layer for Web3. With this new funding, we will accelerate development, expand globally, and continue to address key challenges faced by Web3, including blockchain fragmentation, inadequate data availability, and limited scalability. Additionally, this will help us establish strategic partnerships throughout the entire Web3 ecosystem, which is essential for Avail’s success.”
Avail achieved a significant milestone in its incentivized testnet “Clash of Nodes,” creating nearly 110,000 accounts and processing 116 million transactions. These remarkable achievements were made before the upcoming launch of the mainnet. HTX Ventures is delighted to support Avail in creating a solid infrastructure for a decentralized and user-friendly future.
About Avail:
Led by former Polygon co-founder Anurag Arjun, Avail is building a unified layer to address the scalability challenges of Rollup fragmentation on a large scale. Avail fundamentally addresses the scalability issues of blockchain through its data availability layer Avail DA, which implements technologies outlined in 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 increasingly severe fragmentation issues with permissionless interoperability. Avail further strengthens its security through multi-asset staking with Avail Fusion. Visit availproject.org to start your unified journey.
About HTX Ventures:
HTX Ventures is the global investment arm of Huobi HTX, integrating investment, incubation, and research to identify the most outstanding and promising teams worldwide. As an industry pioneer with a decade of experience in blockchain, HTX Ventures drives cutting-edge technology and emerging business models within the industry, providing comprehensive support to collaborative projects, including financing, resources, and strategic consulting, to establish a long-term blockchain ecosystem.
Currently, HTX Ventures has supported over 300 projects across multiple blockchain tracks, with some high-quality projects already trading on the Huobi HTX exchange. Additionally, HTX Ventures is one of the most active fund-of-funds (FOF) investors, collaborating with top global blockchain funds such as Dragonfly, Bankless Ventures, Gitcoin, Figment, Animoca, to collectively build the blockchain ecosystem.
