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Celestia raises $100 million in latest funding round

Celestia raises $100 million in latest funding round

Bitget2024/09/29 17:11

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.

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