Celestia Foundation completes $100 million funding, led by Bain Capital Crypto

2024-09-24 07:56:07

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ChainCatcher news, the Celestia Foundation has announced the completion of a $100 million financing round, led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others. This brings the total amount raised by the project to $155 million.

The Celestia Mainnet Beta launched in October 2023, providing a dedicated modular consensus and data network. Since its launch, an early ecosystem has formed, with developers deploying the first 20 rollup chains, and Celestia data blobs recently accounted for more than half of the total data released by rollups.

It is reported that the core developer community of Celestia recently announced its technical roadmap, with the main goal being: to scale to 1 GB blocks, significantly increasing data throughput for Celestia's rollup ecosystem.

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Celestia Modular Blockchain Network