Celestia raises $100 million in latest funding round
On September 30th, Celestia announced the closing of a $100 million funding round led by Bain Capital Crypto with participation from 1kx, Syncracy Capital, Placeholder and Robot Ventures. This latest round brings the project's total funding to $155 million. Mustafa Al-Bassam, Co-Founder of Celestia and Chairman of the Celestia Foundation, highlighted the project's progress, stating that Celestia has moved from the “dial-up era” to the “broadband era” in terms of blockspace scalability. “to the broadband era in terms of block space scalability. The core developers had now launched a technology road map to further extend the block space into the “age of fiber”, while maintaining verifiability and low latency.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
As the US strives to mediate, Russia and Ukraine launch attacks against each other
Data: A certain whale purchased 2,024 ETH and currently holds 7,066 ETH.
A certain whale has accumulated 7,066 ETH on HyperLiquid, with holdings exceeding $21.22 million.
Barcelona Football Club criticized for signing a $22 million sponsorship deal with crypto company ZKP