ChainCatcher News, according to market news, Avail has 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 of the team members also joining Avail. The unlocked AVAIL after the exchange will be distributed 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 founder fund and other well-known investors.