Avail Launches Avail Foundation to Create Infrastructure to Support Development of Trust-Minimized Systems

Odaily Planet Daily News According to official news, blockchain expansion service provider Avail announced the launch of the Avail Foundation, which aims to enable global users to interact and trade seamlessly and securely by supporting the development of trust-minimized systems.
The initial focus of the foundation is to cultivate and develop the ecosystem around the Avail protocol. By working with different stakeholders and partners across the industry, the foundation aims to create a global-scale infrastructure that enables trust-minimized systems to flourish.
The Avail Foundation will be established in Switzerland, following the precedent of other blockchain foundations. By establishing a foundation in Switzerland, it ensures that it operates within a sound legal system, making it legally responsible for its established mission and maintaining its non-profit status, transparency, governance and compliance with international standards.
Over time, Avail will transfer all IP related to the Avail protocol (including Avail DA, Avail Nexus, Avail Fusion, etc.) to the foundation. The main plans of the Avail Foundation include:
1. Grants, development and research;
2. Education, adoption and community engagement.