Polygon spins off project Avail and co-founder departs
Anurag Arjun, a co-founder of Polygon, departed as the company spun off its modular blockchain project, Avail. "Avail will be spun off completely from Polygon Labs," Polygon said in a blog post shared with The Block. Arjun "is moving out of Polygon Labs and will become Avail's sole steward and will continue to lead the project in a separate, standalone and self-funded entity."
Polygon initiated the Avail project in late 2020 and introduced it publicly in mid-2021. Arjun co-created the project and, as part of the spin-off, it is now acquired by a corporate entity wholly owned by Arjun, an Avail spokesperson told The Block. Avail is a modular blockchain that allows developers to build customizable and scalable applications. Unlike monolithic blockchains — such as Ethereum and Solana — modular blockchains break down the essential functions of consensus, security, data availability and execution, and handle them separately.
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