Anurag Arjun, Co-founder of Avail, on Scaling Ethereum, The Future of L2s, Rollups, and Why Crypto Needs a Unification Layer | Ep. 338
In an exclusive interview with Cryptonews, Avail co-founder Anurag Arjun discussed rebranding Matic to Polygon and establishing Avail to provide the infrastructure for future crypto.
Blockchain’s future is rollups, he argued, and we are about to see many more of them.
To support that development, Avail is developing two essential components: the data availability (DA) layer, Avail DA, and the unification layer, Nexus.
Back in 2017, when the team started working on the Matic Network, it was far smaller than what Polygon is now, Arjun told Cryptonews.
It was a small team with very little funding to work with.
“So the two years [until 2019] was a big struggle. It was a really tough initial couple of years,” Arjun said. “But you have to go through fire to make something really big.”
In 2020, the team rebranded Matic into Polygon, moving beyond the Proof-of-Stake (PoS) chain itself.
They took on more products, started crafting their ZK rollup strategy, acquired other teams, and started working on Avail.
That said, the MATIC token was very strongly correlated to the POS chain. “It is kind of a historical artifact that the token is called Matic.”
Arjun added that it would’ve been “too much of a hassle” at the time to change the token name as it was already listed on exchanges, among other things.
Meanwhile, the team has initiated the upgrade from MATIC to POL.
Arjun came to the realization that the way in which we construct blockchains is going to change “massively.”
“Every new blockchain is mostly going to be a rollup,” he remarked.
Even before Avail was started within Polygon, it became increasingly clear to Arjun that data availability was a problem. It needed a solution.
“Any kind of off-chain scaling solution, especially rollups, need
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