Summary
TLDR: Avail, a provider of data availability for Ethereum, announced a $27 million funding round for their Nexus and Fusion products to address interoperability issues. Nexus serves as a hub for proof aggregation for various rollups, while Fusion aims to borrow security from existing crypto assets. The goal is to create a scalable, secure, and interoperable foundation for Web3 dapps in a multi-chain world.
Key Points
1. Ethereum’s roadmap for scaling focuses on specialized infrastructure components for different stages of a blockchain transaction, rather than an all-in-one solution.
2. Avail is working on a suite of solutions, including Nexus and Fusion, to address interoperability issues in the blockchain ecosystem.
3. Avail’s Nexus serves as a hub for proof aggregation, aiming to provide verification of various rollups through a zero-knowledge proof-based coordination mechanism.