Avail, a closely watched blockchain data availability project currently running on a test network, outlines eligibility criteria for a token airdrop – a move that would follow in the footsteps of rival data project Celestia, whose own token has cornered a market capitalization of more than $1 billion.
A screenshot of a document detailing the eligibility criteria for the airdrop was posted on the social media platform
A project spokesperson said the Avail team was not available to make a statement on Friday.
The screenshot of the eligibility requirements suggests that users of layer 2 rollups such as Arbitrum, Optimism, Polygon, zkSync, and Starknet, as well as ecosystem developers and Polygon PoS stakers, could receive the AVAIL token.
Sandeep Nailwal, the co-founder of Polygon, also expressed his excitement about the airdrop for the Polygon community, in his own post on X.
Avail was previously part of Polygon, but was spun off in March 2023. Anurag Arjun, the founder of Avail, co-founded Polygon.
Avail’s airdrop comes as its competitors gain momentum in data availability – part of the trend of ‘modular’ blockchains, where functionality was previously only available on ‘monolithic’ blockchains like Ethereum, which are now being broken out as a separate plugin modules.
Celestia, another data availability (DA) solution, had its TIA airdrop in November 2023, and the token already has a circulating market capitalization of $1.8 billion. EigenLayer, with its own in-house DA solution EigenDA, went live with the project on the Ethereum blockchain earlier this week, although officials have not confirmed plans for a token.
Read more: Avail, an Ethereum data network for competitor Celestia, raises $27 million in seed round