Avail Receives Investment from HTX Ventures

Avail

Avail, a remote provider of a modular blockchain solution, received an investment from HTX Ventures.

The amount of the deal was not disclosed.

The company intends to use the funds to expand operations and its development efforts.

Avail DA provides decentralized infrastructure for developers to build and scale modern blockchain applications. By inheriting security from the base layer through rollups and extending restaking to include multiple assets, such as BTC and ETH, it aims to provide ample security for the thousands of rollups built on top.

Commenting on the news, Anurag Arjun, Co-founder of Avail, said: “With this new capital, we are poised to accelerate our development, expand our global presence, and continue to address the most critical challenges facing Web3 today, such as blockchain fragmentation, insufficient data availability, and limited scaling. Additionally, it will help foster partnerships and collaborations with other players across the entire Web3 ecosystem, which is mission-critical for Avail’s success.

FinSMEs

12/06/2024