The Celestia Foundation has just raised $100 million in a funding round led by Bain Capital Crypto, with support from Syncracy Capital, 1kx, Robot Ventures, and Placeholder. This brings their total funding to $155 million, backing their game-changing approach to blockchain scalability. Celestia's unique architecture separates consensus and data availability layers from the execution layer, empowering developers to build more adaptable layer-2 rollups. Unlike traditional blockchains like Ethereum, which operate everything on a single layer, Celestia’s modular design allows for specialized blockchains, helping to reduce congestion and unlock new possibilities for developers.

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