Avail co-founder "Consumer app to be unveiled next month... will expand blockchain accessibility" [Coin Interview]

Anurag Arjun Avail co-founder interview

Arcana acquisition accelerates chain integration

Nexus upgrade, consolidating scattered assets into one

Aiming to be the 'coordinator' of global blockchain payment infrastructure

Will actively cooperate if 'won stablecoin' is institutionalized

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"The environment is too difficult for consumers to use blockchain directly. Avail aims to lower the barrier so users can directly access various blockchain services"

Anurag Arjun (Anurag Arjun, photo), co-founder of Avail (AVAIL), a modular blockchain project spun off from Polygon, a Layer 2 Ethereum project, said this in an interview with Bloomingbit on the 24th.

Co-founder Arjun co-founded Polygon in 2017 and grew it into a global blockchain project. After dedicating six years to Polygon's growth, he launched Avail independently in 2023. Avail built a data availability layer (DA Layer) for Layer 2s and is currently developing solutions that connect many chains.

'Arcana' shortens chain integration time... consumer app to be unveiled next month

Earlier this year Avail acquired 'Arcana', which had developer tools and chain abstraction infrastructure. The Arcana acquisition drastically reduced the time it takes Avail to support new chains.

Arjun said, "Until now it took Avail at least six months to support a new chain, but with Arcana it became possible in a week," and added, "We recently connected to HYPE and integration with Tron (TRX) will be possible as early as next week."

He hinted that a consumer-facing app will also be unveiled next month. Arjun said, "It has not been officially announced yet, but Avail is currently preparing a consumer app. It will probably be announced sometime next month," and added, "We will expand into consumer-friendly services as well as developer services."

'Nexus upgrade'... unifying scattered assets into one

Avail recently announced the 'Nexus upgrade'. The Nexus upgrade is a chain abstraction–based upgrade that allows multiple chains to be connected without going through bridges.

Arjun explained, "Through Nexus, users can manage assets scattered across each chain as if they were assets in a single wallet and freely use them in various apps." In simple terms, just as services like Toss Bank can manage balances across multiple banks, Avail consolidates multiple blockchain assets into one wallet.

On the reason for launching Nexus, he said, "Bridges were originally a model created when there were about 10–15 types of blockchains, but now there are over 200 chains. Managing assets on each chain is like using 20 bank accounts at once," and added, "We implemented it so users can easily manage assets scattered across different chains."

Will become the 'coordination engine' for tens of thousands of chains... also eyeing won stablecoins

Avail’s long-term vision is not just simple cross-chain connections but to become the 'coordinator' between global blockchains.

Arjun said, "Stablecoins have already been issued over $250 billion and have become an important pillar of global finance," and continued, "Because of this, global companies like Visa, Stripe, and Google are all preparing blockchain payment infrastructure. Tens of thousands of chains will emerge in the future, and Avail will be the engine that coordinates and organizes all of these connections."

He also laid out concrete plans for the Korean market. Arjun said, "Over 90% of Koreans rely on centralized exchanges like Upbit and Bithumb," and added, "Avail's first goal is to enable Korean users to use various blockchain services conveniently beyond simple coin trading."

He also noted that Korea is, next to the U.S., one of the fastest countries to push stablecoin legislation. Arjun said, "Won stablecoins can be a tool to expand Korea globally like K-pop," and emphasized, "Avail can play an important role related to won stablecoins. If related regulations become clear, we will actively cooperate."