PayPal founder Peter Thiel’s investment fund invested in the project to launch its own cryptocurrency.
According to the statement made today modular blockchain project Avail in Series A investment Raised $43 million.
More than 10 investors participated
Avail in February $27 million received seed investment. The Series A investment was led by Founders Fund, of which Peter Thiel is a partner, and Dragonfly and Cyber Fund.
Among other investors SevenX Ventures, Figment Capital, Nomad Capital, Chapter One, Foresight Ventures, Mirana Ventures, KR1, Alliance and Hashkey Capital took part.
According to Avail founder Anurag Arjun, investors share in the future And token It was agreed to be given.
Preparing for its own cryptocurrency
Avail, A rollup focused infrastructure It is a modular blockchain project. Avail project, established under the umbrella of Polygon, independent last year It started to work this way.
Avail’s DA layer is currently in testing. in this network More than 115 million transactions was announced to have occurred.
Avail team, this mainnet in the next few weeks AVAIL token plans to launch it together.
Arjun receives funds transferred by investors Currently around 50 people He plans to use it to expand his team.