**Celestia Foundation Secures $100M to Revolutionize Blockchain Scalability**

The Celestia Foundation has bagged $100 million in a recent funding round spearheaded by Bain Capital Crypto, with backing from Syncracy Capital, 1kx, Robot Ventures, and Placeholder. This brings their total fundraising to $155 million.

Launched in 2023, Celestia aims to tackle blockchain scalability and data availability. Unlike traditional blockchains like Ethereum, which handle everything on a single layer, Celestia separates consensus and data availability from execution. This modular approach allows for more flexible and efficient layer-2 rollups.

Celestia's roadmap includes scaling block size to 1 gigabyte, potentially surpassing Visa's transaction capacity. Competing with players like Eigenlayer and Polygon, Celestia has grown its market share from 20% to 40% since May. Co-founder Mustafa Al-Bassam likens their progress to moving from the dial-up to the broadband era, with future plans to reach the fiber optic era.