The founder's fund supports the acquisition of Arcana by Avail! XAR Token holders can exchange AVAIL at a 4:1 ratio.

The modular blockchain infrastructure project Avail, supported by well-known investment institutions such as the Founders Fund founded by Peter Thiel, officially announced the completion of its acquisition of the chain abstraction protocol Arcana. This transaction not only incorporates Arcana’s technology and team into the Avail ecosystem but also provides XAR token holders the opportunity to exchange for AVAIL at a 4:1 ratio, with a maximum exchange unlock period of 12 months.

Acquisition Details and Token Exchange Arrangements

Acquisition Ratio: Avail Foundation acquires 100% of Arcana’s shares and XAR token supply.

Exchange Rate: XAR tokens can be exchanged for AVAIL at a ratio of 4:1.

Unlocking Plan:

Regular holders: 6–12 months linear unlock

Arcana team Token: 3 years unlock

Market Reaction:

AVAIL price has dropped over 7% in the last 24 hours, reporting at 0.012 USD.

XAR rose by about 3.6% to 0.0031 USD

Technical and Team Integration: Injecting Chain Abstraction Capabilities into Avail

Arcana initially focused on “Ethereum storage layer” and privacy stack, and in mid-2023 shifted to Chain Abstraction to address the fragmentation of multi-chain liquidity.

Core Technology:

1. Chain Abstract SDK

2. Arcana Wallet

3. Simplifying the user experience of Gas management, cross-chain bridging, and exchanges.

Team Integration:

Most of Arcana’s leadership and staff will join Avail

After the acquisition, the Avail team has grown to over 55 people and plans to expand.

Ecological Integration:

Arcana partners (Avalanche, BNB Chain, Polygon, Scroll, Linea, Renzo) will be integrated into the Avail ecosystem.

Avail’s current ecosystem covers Ethereum, Optimism, Polygon, Arbitrum, Avalanche, Base, Hyperliquid.

Strategic Significance: Build a Unified Multi-Chain Infrastructure

Avail co-founder Anurag Arjun stated that Arcana’s expertise in chain abstraction and in-app experience will accelerate Avail’s vision of “cross-chain instant liquidity, application cross-ecosystem expansion, and user experience as seamless as the Internet.”

Strategic Objective:

1. Unified Cross-Chain Balance

2. Intent-Based Execution

3. Cross-chain application internal experience optimization

Market Positioning: Providing a unified layer of compliance, interoperability, and privacy protection for tokenized assets, stablecoins, and RWA (real-world assets)

Capital background: Arcana raised $5.5 million (investors include DCG, Republic, Sandeep Nailwal, Balaji Srinivasan)

Avail has raised a total of $75 million in funding since its spin-off from Polygon in 2023, with investors including Founders Fund, Dragonfly, Hashkey Capital, and Foresight Ventures.

Conclusion

This acquisition marks an important step for Avail in its multi-chain infrastructure layout. Through Arcana’s chain abstraction technology and developer tools, Avail is expected to achieve breakthroughs in cross-chain liquidity and user experience. For XAR token holders, the 4:1 exchange opportunity for AVAIL is not just an asset conversion but also a ticket to participate in the unified multi-chain future. As unified multi-chain infrastructure becomes the new focus of the crypto industry, Avail may lead the next wave of cross-chain applications.