Celestia Foundation Secures $100M for Blockchain Innovation

The post Celestia Foundation Secures $100M for Blockchain Innovation appeared first on Coinpedia Fintech News

The Celestia Foundation has raised $100 million, led by Bain Capital Crypto, bringing its total funding to $155 million. Launched in October 2023, the Celestia Mainnet Beta introduces a modular consensus and data network, enabling developers to build high-throughput applications without the limitations of traditional blockchains. This innovation has already resulted in the deployment of 20 rollup chains, with data blobs exceeding half of the total published by rollups. Celestia aims to significantly improve data throughput, targeting 1 gigabyte blocks to revolutionize blockchain scalability.