The Celestia Foundation has successfully raised $100 million in a funding round led by Bain Capital Crypto, increasing its total funding to $155 million. Launched in October 2023, the Celestia Mainnet Beta introduces a groundbreaking modular consensus and data network, allowing developers to create high-throughput applications without the constraints of traditional blockchains.
This innovative platform has already facilitated the deployment of 20 rollup chains, with data blobs surpassing half of the total published by rollups, showcasing its capability to enhance data throughput. Celestia aims to revolutionize blockchain scalability by targeting 1 gigabyte blocks, significantly improving efficiency and performance across the ecosystem. As the blockchain space evolves, Celestia’s advancements position it as a key player in addressing scalability challenges.
September 2024, Cryptoniteuae
