Polygon Severs Ties with Avail as Co-Founder Resigns
On March 16th, it was announced that the modular blockchain project Avail would be completely separated from Polygon. In addition, Polygon co founder Anurag Arjun would resign and take over Avail. Polygon launched the Avail project at the end of 2020 and publicly launched it in mid-2021. An Avail spokesperson said that Arjun was involved in the development of the project, and as part of the spinoff, it is now being acquired by a company entity wholly owned by Arjun.
The modular blockchain project Avail leaves Polygon and will be taken over by Cofounder Anurag Arjun
Analysis based on this information:
The blockchain industry is experiencing rapid change as several projects continue to evolve their product offerings. One such project is Avail – a modular blockchain ecosystem that was launched by Polygon at the end of 2020. However, on March 16th, it was announced that Avail would be completely separated from Polygon, with the project being taken over by a company entity wholly owned by Anurag Arjun – one of the co-founders of Polygon.
The reason for this separation is unclear, but reports suggest that Polygon has decided to focus on expanding its core offering and divest its resources from Avail. This decision is significant as it reflects a growing trend in the industry towards modularity. Modularity refers to the ability to separate and combine different blockchain modules, allowing developers to create customized blockchain solutions for different use cases. The idea behind this is to make blockchain technology more flexible and user-friendly.
This separation may also have been triggered by Arjun’s resignation from Polygon. As one of the co-founders, his departure may have signaled a significant leadership change for the company, leading to a shift in strategic direction. However, the extent of his involvement in Avail is unclear, and it is unknown how this change in leadership will impact the project in the long term.
The acquisition of Avail by a company entity wholly owned by Arjun is yet another example of how blockchain is becoming a significant driver of innovation in the tech industry. It reflects the growing understanding that blockchain technology is not just a financial instrument, but rather a broad ecosystem that can enable a wide range of applications. As such, it is crucial that blockchain projects remain flexible and adaptable enough to keep up with the changing needs of the industry.
In conclusion, the separation of Avail from Polygon reflects a growing trend towards modularity in the blockchain industry. As blockchain technology continues to evolve, it is essential that projects remain flexible, adaptable, and responsive to the changing needs of the industry. The acquisition of Avail by a company entity wholly owned by Arjun is yet another example of how blockchain technology is driving innovation, and it will be interesting to see how the development of the project unfolds in the future.
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