Avail acquires Arcana, XAR tokens can be exchanged for AVAIL

According to Hash World News, the modular blockchain infrastructure project Avail, supported by Founders Fund, has successfully acquired the chain abstraction protocol Arcana, aiming to enhance multi-chain scalability. This acquisition marks Avail's first takeover, and Arcana's chain abstraction and development tools will be integrated into Avail's technical system. Existing XAR token holders can exchange their tokens for AVAIL at a 4:1 ratio, with unlocking occurring in phases over the next 6 to 12 months, while the vesting of the Arcana team tokens will be completed within three years. Avail co-founder Prabal Banerjee stated that acquisition negotiations began in April 2025, and the deal has now been fully completed. Besides the token swap structure, other financial terms have not yet been disclosed. Most of Arcana's leadership and staff will transition to Avail, increasing the team size to over 55 people, with plans to continue hiring. Through this acquisition, Avail aims to unify cross-chain balances, intent-based execution, and in-app user experience.