Avail announces acquisition of chain abstraction protocol Arcana, XAR tokens to be exchanged for AVAIL at a 4:1 ratio

According to BlockBeats, on August 27, Avail announced the acquisition of chain abstraction protocol Arcana, and all XAR tokens will be exchanged for AVAIL at a ratio of 4:1. Arcana's tools will be integrated into the Avail stack, and most of its team members will also join Avail. The redeemed AVAIL unlocking will take place between 6 months and 12 months, while the tokens to which the Arcana team belongs will be unlocked within 3 years. Avail is a modular blockchain infrastructure project supported by the founder fund of Peter Thiel and other well-known investors.