Crypto News Today- Avail Blockchain Project Raises $43 Million in Series A Funding

Avail Blockchain Project Hauls in $43 Million in Series A Investment

Crypto News– Big news for the blockchain world! Avail, a project building a new kind of blockchain that spun off from Polygon last year, just secured a whopping $43 million in funding.

This investment round, called a Series A comes from some heavy hitters, including Peter Thiel‘s Founders Fund (known for backing big tech companies like Facebook). They’re not alone – other big names like Dragonfly and Cyber Fund also joined in.

This isn’t the first time Avail has attracted attention. Back in February, they raised $27 million, and it seems some of those same investors are back for more, doubling down on their belief in Avail. In total, Avail has now raised a cool $75 million to develop their project.

It’s all happening pretty fast – this latest round comes just three months after their previous funding. Avail is clearly moving quickly, and they’re not shy about raising big money to make it happen.

We don’t know exactly how much Avail is worth yet, but based on whispers in the industry, it seems to be in the hundreds of millions.

One thing’s for sure: Avail is a project to watch. With all this funding and big names backing them, they’re clearly onto something interesting in the world of blockchain technology.

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