According to Foresight News, according to The Block, Polygon has spun off its modular blockchain project Avail into an independent entity. Avail co-founder Anurag Arjun has left and acquired Avail, and the Avail team will migrate to the new entity. Avail is currently running on testnet, with mainnet launching shortly. As part of the spin-off, Avail will create a new non-profit foundation, the Avail Foundation, and ultimately transfer governance to the community.
Polygon launched Project Avail in late 2020 and launched it publicly in mid-2021. Avail is a modular blockchain that allows developers to build customizable and scalable applications. Unlike monolithic blockchains, modular blockchains decompose basic functions such as consensus, security, data availability, and execution and handle them separately.
