KR1 plc invests into the Avail Project

LONDON: KR1 plc (KR1:ASE), a leading digital asset investment company, announced that the Company has invested a total of US$1,000,000 into the Avail Project (AVAIL) in return for 12,500,000 AVAIL tokens.

Avail is a Web3 infrastructure layer that allows modular execution layers to scale and interoperate in a trust-minimised way. As such, Avail is positioning itself to be a unifying force for a rollup-centric blockchain ecosystem by composing interactions across chains, aggregating cryptographic proofs across ecosystems and fusing shared security guarantees across value layers.

George McDonaugh, Managing Director and Co-Founder of KR1, commented: “Over the years, we have seen rapid innovation in the `mission critical’ areas of how blockchains scale and are secured. Spearheading that effort is the modular approach to building Web3 infrastructure combined with innovation around the data availability layer of the blockchain stack. We are excited to be backing a very high-quality team that is pushing the boundaries in this area with new and innovative approaches that will become part of how the crypto ecosystem expands to billions of users worldwide.”

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