The newly launched native token for a Web3 infrastructure venture skyrocketed by 38% this week regardless of the broader crypto market downtick.
AVAIL, the utility token for the Avail ecosystem, is buying and selling at $0.151, up from $0.109 seven days in the past.
The A hundred and ninetieth-ranked crypto asset by market cap can also be up greater than 3% up to now 24 hours.
Avail is a modular blockchain that payments itself because the “unification layer” for Web3. The venture commenced growth underneath the umbrella of the scaling answer Polygon (MATIC), nevertheless it spun off into an impartial entity final yr.
Avail was co-founded by Anurag Arjun, one of many co-founders of Polygon, and Prabal Banerjee, the scaling answer’s former analysis lead.
The AVAIL token first went live in late July.
This week, the Avail ecosystem kicked off a new partnership with Ola, an open-source hybrid zk-rollup.
Explains Ola,
“Collectively, Ola and Avail will discover proof verification on DA shoppers and additional collaboration in zkVMs. This partnership goals to broaden the use circumstances for Ola’s zkVM expertise inside Avail’s ecosystem.”
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