OKX Ventures Invests in Avail to Enhance Rollup Unification

OKX
Ventures,
the
investment
arm
of
the
leading
crypto
exchange
and
Web3
technology
company
OKX,
has
announced
its
participation
in
the
Series
A
investment
round
for
Avail,
a
unification
layer
designed
to
solve
rollup
fragmentation
at
scale.
The
announcement,
made
on
June
20,
2024,
marks
a
significant
step
towards
enhancing
the





scalability
and
unification
of
rollups
and
the
modular
blockchain
ecosystem.

Avail’s
Technological
Innovations

Avail
is
a
robust
Web3
infrastructure
layer
that
enables
modular
execution
layers
to
scale
and
be
interpreted
in
a
trust-minimized
manner.
Avail’s
unification
approach
includes
three
key
components:

• 
  Avail
  DA:
  A
  state-of-the-art
  modular
  data
  availability
  layer
  that
  implements
  technology
  from
  Ethereum’s
  danksharding
  roadmap,
  including
  data
  availability
  sampling
  (DAS)
  with
  validity
  proofs,
  providing
  abundant
  blobspace
  for
  rollups
  to
  scale.
• 
  Avail
  Nexus:
  A
  custom
  zero-knowledge
  coordination
  rollup
  acting
  as
  a
  verification
  hub,
  unifying
  rollups
  across
  Web3
  via
  proof
  aggregation
  and
  using
  Avail
  DA
  as
  the
  root
  of
  trust.
• 
  Avail
  Fusion:
  A
  multi-asset
  staking
  mechanism
  allowing
  native
  assets
  from
  mature
  ecosystems
  like
  Bitcoin
  and
  Ethereum,
  as
  well
  as
  new
  rollup
  tokens,
  to
  contribute
  to
  Avail’s
  consensus,
  providing
  strong
  shared
  security
  for
  the
  unification
  layer.

These
components
enable
Avail
to
synthesize
modularity,
chain
abstraction,
and
shared
security,
creating
a
unified
experience
for
the
modular
era
of
Web3.

OKX
Ventures’
Strategic
Vision

Dora
Yue,
Founder
of
OKX
Ventures,
expressed
enthusiasm
about
the
investment,
stating,
“We’re
delighted
to
invest
in
Avail,
which
is
now
more
than
just
a
modular
DA
layer.
Avail
is
becoming
a
major
innovator,
serving
as
a
bridge-like,
unifying
layer
to
connect
and
aggregate
different
technology
stacks.
Avail
aims
to
build ‘The
Avail
Trinity’
—
a
three-part
modular
technology
framework
that
simplifies
interoperability
and
reduces
the
burden
on
developers
and
users,
while
increasing
the
efficiency
of
the
entire
ecosystem.”

Yue
further
highlighted
the
current
challenges
within
the
Ethereum
ecosystem,
where
users
must
switch
between
different
rollups
to
fund
or
transfer
money
across
chains.
Avail’s
three
products
are
expected
to
provide
a
seamless
user
experience
and
address
the
issue
of
fragmented
rollups.

About
OKX
Ventures

OKX
Ventures
is
the
investment
arm
of
OKX,
the
second-largest
crypto
exchange
by
trading
volume.
With
an
initial
capital
commitment
of
USD
100
million,
OKX
Ventures
focuses
on
exploring
global
blockchain
projects,
supporting
cutting-edge
blockchain
technology
innovation,
and
promoting
the
healthy
development
of
the
global
blockchain
industry.
The
venture
arm
aims
to
invest
in
long-term
structural
value,
supporting
entrepreneurs
who
contribute
to
the
blockchain
industry’s
growth.

For
more
information,
visit

OKX
Ventures.

Image
source:
Shutterstock