The modular blockchain infrastructure project Avail has acquired the chain abstraction protocol Arcana. Under the acquisition agreement, the Avail Foundation will receive Arcana's entire XAR token supply, and existing XAR holders can exchange their tokens for AVAIL at a 4:1 ratio.
The swapped tokens will be unlocked in phases over 6 and 12 months, while the Arcana team's tokens will be gradually unlocked over 3 years. Arcana's chain abstraction and developer tools will be integrated into Avail's technology stack, and most of its team members will also join Avail.
Avail Announces Acquisition of Arcana, a Chain Abstraction Protocol
2025-08-27 15:19:05
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