Spinoff

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…