The blockchain project Avail, which is closely monitored and running on a test network, is working out the conditions for distributing tokens through an airdrop. This action would mimic Celestia, another data project with a successful token whose market capitalization exceeds $1 billion, having taken similar steps before.

A user named @Bitcoineo shared an image of a document detailing the qualifications for an airdrop on social media platform X. CoinDesk’s public relations team identified this post and referred to it as a “revelation” when bringing it to their attention.

A project spokesperson said that the Avail team was not available to make a statement on Friday.

Users who meet the criteria outlined in the screenshot – including those utilizing layer-2 rollups such as Arbitrum, Optimism, Polygon, zkSync, and Starknet, as well as developers within these ecosystems and Polygon Proof of Stake (PoS) validators – stand a chance to obtain the AVAIL token.

Sandeep Nailwal, a co-founder of Polygon, shared his enthusiasm for the Polygon community’s upcoming airdrop in a post on X.

Previously, Avail belonged to the Polygon group, but it became an independent entity in March 2023. Anurag Arjun, who established Avail, was also one of Polygon’s original founders.

Avail’s airdrop arrives as competitors in the data access market gain traction – a part of the emerging trend toward “modular” blockchains, where features once exclusive to “monolithic” platforms like Ethereum are now being developed as independent add-ons.

Celestia, another data availability (DA) solution, had its TIA airdrop in November 2023, and the token already has a circulating market capitalization of $1.8 billion.EigenLayer, with its own in-house DA solution EigenDA, went live earlier this week with the project on the Ethereum blockchain, though officials have not confirmed plans for a token.

Read more: Avail, an Ethereum Data Network to Rival Celestia, Raises $27M In Seed Round

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2024-04-12 21:42