The Celestia Foundation announced it has raised $100 million in a new funding round led by Bain Capital Crypto and other notable investors.
Funding Details
The funding round is led by Bain Capital Crypto, with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and other notable investors. This brings Celestia's total funding to $155 million.
Celestia Achievements
Since the launch of Celestia Mainnet Beta in October 2023, developers have already deployed at least 20 rollup chains using Celestia’s data blobs, accounting for more than half of the total data recently published by rollups. Celestia differentiates itself from traditional blockchains by separating transaction agreements and executions, resulting in streamlined and cost-effective processes for decentralized applications.
Technical Roadmap
Recently, Celestia’s core developer community unveiled its technical roadmap, with the primary goal of scaling to 1-gigabyte blocks. This significant upgrade aims to dramatically increase data throughput within Celestia’s rollup ecosystem.
The $100 million funding and the further development of the technical roadmap highlight Celestia’s commitment to improving and scaling its blockchain network, which could have a significant impact on the entire industry.
Comments