BlockBeats news, on August 27, Avail announced the acquisition of the chain abstraction protocol Arcana, all XAR tokens will be exchanged for AVAIL at a ratio of 4:1, and Arcana's tools will be integrated into the Avail stack, with most team members also joining Avail. The unlocked AVAIL after the exchange will be released over 6 to 12 months, while the tokens belonging to the Arcana team will unlock over 3 years.
Avail is a modular blockchain infrastructure project supported by Peter Thiel's Founders Fund and other notable investors.
