Avail Acquires Arcana: XAR Token Swaps for New AVAIL Tokens

Cryptocurrency blockchain project Avail has acquired Arcana, offering XAR token holders a 4:1 exchange for new AVAIL tokens. This acquisition involves a phased integration of the Arcana team into Avail’s infrastructure and is designed to enhance its multichain data availability solutions. The deal brings about significant market implications as both projects’ ecosystems see a shift in liquidity and network expansion. Notably, XAR holders will experience their tokens swapped for AVAIL over several months with vesting periods for the Arcana team extended over three years. This strategic move is seen by industry experts as a potential catalyst for long-term ecosystem growth similar to the ConsenSys merger.