Celestia secures $100M in new financing, bringing its total to $155M.
Mainnet Beta launched in October 2023, powering modular blockchain tech.
Early ecosystem growth includes 20 Rollup chains deployed by developers.
Celestia Secures $100M to Expand Modular Blockchain Network
On September 24, the Celestia Foundation, the team behind the modular blockchain network Celestia, announced a successful $100 million financing round. The round was led by Bain Capital Crypto, with contributions from prominent investors like Syncracy Capital, 1kx, Robot Ventures, and Placeholder. This latest investment brings the total funding for Celestia to $155 million, marking a significant milestone in its mission to revolutionize blockchain technology.
Modular Blockchain Network Gains Momentum
Celestiaâs Mainnet Beta launched in October 2023, providing the blockchain industry with its first modular consensus and data network. This modular approach separates the data layer from the execution layer, making it easier for developers to build and scale decentralized applications (dApps).
Since the launch of the Mainnet Beta, an early ecosystem of developers has begun to take shape. Over 20 Rollup chains have already been deployed on the network, signaling strong interest and adoption. Rollups, which bundle transactions for greater efficiency, rely on Celestiaâs data network to publish transaction data securely and efficiently.
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