New Native Token for Web3 Infrastructure Project Surges by 38% This Week, Defying Wider Crypto Market Slump
The newly launched native token for a Web3 infrastructure challenge 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 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 challenge commenced improvement below the umbrella of the scaling resolution Polygon (MATIC), but it surely 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 resolution’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,
“Together, Ola and Avail will explore proof verification on DA clients and further collaboration in zkVMs. This partnership aims to expand the use cases for Ola’s zkVM technology within Avail’s ecosystem.”
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