Polygon co-founder Anurag Arjun has announced his departure, along with a move to separate the Avail project from this blockchain ecosystem.
Sharing in a blog post, Polygon said:
“Avail will officially be completely separate from Polygon Labs. In addition, Arjun will be leaving Polygon Labs and will take on a direct role at Avail, with self-funded, segregated funding dedicated to this project.”
Polygon launched Avail in late 2020 and launched it to the public in mid-2021. An Avail spokesperson said that Arjun previously co-founded the project. However, the project’s acquisition by a separate entity (owned by Arjun) will officially separate the project from Polygon. The representative added:
“Meanwhile, this structure will evolve into a decentralized organization. The exact timing of this move is yet to be determined, as for now all focus will be on the smoothest transfer of ownership.”
1/ Hey there, we’re excited to share some big news with you! 👋👋👋 We’re Avail – a new modular blockchain optimized for data availability. And starting today, Avail will operate independently of @0xpolygon.
— Avail (@AvailProject) March 16, 2023
What is Avail?
Avail is a modular blockchain that allows developers to build custom and highly scalable applications. Unlike monolithic blockchains, stages such as consensus, security and data availability will be separated by the modular blockchain to work independently of each other.
Avail is currently live in the testnet and is expected to launch the mainnet in the near future. With the separation from the old mechanism, Avail will create a not-for-profit organization called the Avail Foundation, making it easier for the community to govern this network.
The “win-win” step
Polygon shared in the blog post:
“This separation is beneficial for both. Avail will benefit from independent development and dynamic enhancements. Meanwhile, Polygon Labs will move closer to Ethereum, focusing on developing scaling solutions such as PoS network, 3 zero-knowledge solutions (such as Polygon zkEVM, Polygon Zero and Polygon Miden), in parallel. that is the Polygon Supernets solution.”
With this move, Arjun’s entire team at Polygon will move to the new organization. Currently, Avail has not yet had an official response on the size and number of members of this team. Avail’s representative also declined to answer when asked if the organization would conduct additional funding in the future.
4/ In other words, we’re tearing down barriers to blockchain development, giving developers the power to disrupt industries and drive change for communities. And we’re doing it all with an open-source, protocol-agnostic approach that puts the community in charge.
— Avail (@AvailProject) March 16, 2023
According to The Blockwhen receiving a question about a native token, the project representative also refused to answer and all the information obtained on the project’s Twitter was just: “Avail’s plan is to put ownership in the hands of community”.
Avail’s move to separate comes not long after Polygon announced it would cut 100 jobs (or 20% of its workforce) last month.
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