The news comes as as Celestia's native token, TIA, had fallen 54% since the beginning of 2024.
Celestia Foundation, the organization behind the Celestia blockchain network, announced today that it has raised $100 million in a Series B funding round led by Bain Capital Crypto.
The capital will be used to further the development of Celestia’s modular blockchain technology, which is designed to scale Ethereum by making it possible to store data off-chain.
The foundation has now raised a total of $155 million in funds, and counts participation from IOSG Ventures, HashKey, SNZ, and IOSG Ventures.
Celestia is part of a growing field of modular blockchains, aimed to solve scalability issues with features that enhance the speed or execution of transactions. It is also a provider of data availability, which is pitched as a cheaper alternative to storing data on layer-1 blockchains like Ethereum.
Modular blockchains are a hot topic in the crypto space, as they offer a potential solution to the scalability problems faced by many layer-1 blockchains. Celestia is one of the leading modular blockchain projects, and its technology has the potential to significantly scale Ethereum.
Modular blockchains are still a relatively new concept, and it will be interesting to see how Celestia’s technology develops and is adopted by the Ethereum community in the coming months and years.
The above is the detailed content of Celestia Foundation Raises $100M as Its TIA Token Falls 54%. For more information, please follow other related articles on the PHP Chinese website!
Stead: A Revolutionary RWA Project Enabling Decentralized Funding for Floating Infrastructure in Southeast AsiaAug 08, 2024 am 06:46 AMStead is an RWA project based in Southeast Asia. It serves as a decentralized funding platform for floating infrastructure, including fishing and transport boats, fish cages, and floating houses.
Blockscout Raises $3M Seed Round to Redefine the Role of the Block ExplorerAug 08, 2024 am 12:09 AMBlock explorers provide valuable services for anyone who needs up-to-date and reliable blockchain data, however, high fees and lack of customizability have made many block explorers inaccessible to chains.
Ruby: The Gem of Blockchain DevelopmentAug 31, 2024 pm 09:57 PMBlockchain has come a long way, transforming from a buzzword to a force that's changing the world and there's no way we can look the other way anymore!!
vanitis Unveils $VATO Token, Merging Blockchain with Ethical BeautySep 21, 2024 pm 03:04 PMIn a groundbreaking step poised to redefine the beauty industry, vanitis has revealed the introduction of its $VATO token
How Is Blockchain Utilized in Journey?Aug 12, 2024 pm 12:04 PMTouring must be comfy, cost-effective, and, most significantly, fulfilling. Whereas charges, reserving irregularities, unhealthy opinions, and lengthy strains could also be symptomatic of the present journey atmosphere, blockchain is providing a appr
Ethereum's Low Fees Are Breaking Its Economic ModelAug 20, 2024 pm 09:08 PMTransactions on the top smart contract network now cost less than $0.10, while tokens swaps can be done for less than a dollar. That's in stark contrast with the $100
Mark Cuban Praises California DMV's Move to Digitize Car Titles Using the Avalanche BlockchainJul 31, 2024 pm 06:06 PMThis development, recently disclosed by Reuters, reportedly aims to detect fraud and streamline the title transfer process.
Seize Your Chance with Qubetics: The Future of Crypto InnovationAug 18, 2024 am 03:06 AMThe world of cryptocurrency is littered with projects that have come and gone, but few have established themselves as lasting innovations.
Hot AI Tools
Undresser.AI Undress
AI-powered app for creating realistic nude photos
AI Clothes Remover
Online AI tool for removing clothes from photos.
Undress AI Tool
Undress images for free
Clothoff.io
AI clothes remover
AI Hentai Generator
Generate AI Hentai for free.
Hot Article
Hot Tools
SublimeText3 Mac version
God-level code editing software (SublimeText3)
SAP NetWeaver Server Adapter for Eclipse
Integrate Eclipse with SAP NetWeaver application server.
Atom editor mac version download
The most popular open source editor
mPDF
mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),
SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.
