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Celestia Foundation Raises $100M to Advance Blockchain Scalability Amid Token Decline

Shawn

Summary: Celestia Foundation, the team behind the modular blockchain network, raised $100 million in a funding round led by Bain Capital Crypto. This comes as Celestia's native token, TIA, has dropped 54% since early 2024. With a total of $155 million in funds, Celestia's core developers are focused on scaling their data availability solutions, aiming to ...

Celestia Foundation, the team behind the modular blockchain network, raised $100 million in a funding round led by Bain Capital Crypto. This comes as Celestia's native token, TIA, has dropped 54% since early 2024. With a total of $155 million in funds, Celestia's core developers are focused on scaling their data availability solutions, aiming to enhance blockchain scalability and performance.

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