We all stand up for Celestia. The ecosystem of cryptocurrencies is populated by numerous blockchains intended to respond to the technological challenges involved. Among these necessary innovations, the problem of modularityin order to make the sector more homogeneous. A principle at the center of the Celestia project (TIA)since its recent launch at the end of 2023. And in order to achieve this, the Foundation in charge of its development has just announced the raising of 100 million dollars.
Celestia Foundation raises $100 million
Since its launch in October 2023, the Celestia blockchain aims to revolutionize data availability (data availability) within the Web 3 ecosystem. This by developing what is presented as “the first data and modular consensus specialist in the industry.
A success largely accelerated by the establishment of a massive airdrop of TIA cryptocurrencies. All associated with the deployment of its main network (mainnet). And, since this date, a price chart which seeks to return to its peaks ($20), facing a drop still estimated at more than 70%.
However, the TIA cryptocurrency records an increase of more than 23% over the last 24 hours. This is most certainly due to the official announcement of the raised $100 million. An operation led by the company Bain Capital Crypto.
“The Celestia Foundation announces the raising of $100 million in support from Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and more. This brings the total funding for the project to $155 million. »
Celestia Foundation
“Evolving Block Space in the Fiber Optic Era”
With Celestiadevelopers are not limited to a single programming language smart contractto a virtual machine – of type EVM – or even to a deployment framework. This is the reason why its development has met with significant success among venture capital (VC) structures.
A craze currently estimated at 100 million dollars. And the promise made by its co-founder, Mustafa Al-Bassam, to “evolve the space from blocks to the fiber optic era “.
“When Celestia launched last year as the first modular data availability layer, it expanded the block space from the dial-up era to the broadband era. Now, core developers have introduced the technical roadmap for scaling block space in the fiber-optic era – while keeping it verifiable and low-latency. »
Mustafa Al-Bassam
Blockchain Celestia stands out as one of the main alternatives in the rapidly developing field of modular networks. With the ability to at the same time provide much higher data availability than storage solutions like Ethereum.
 announces the raising of $100 million!){kind=link}