Modular blockchain Celestia closes $55 million in funding

2022/10/19 17:48

Modular blockchain network Celestia closes $55 million in funding led by Bain Capital Crypto and Polychain Capital, with participation from Placeholder, Galaxy, Delphi Digital Blockchain Capital, NFX, Protocol Labs, Figment, Maven11, Spartan Group, FTX Ventures, Jump Crypto and a number of angel investors including Balaji Srinivasan, Eric Wall and Jutta Celestia is described as introducing a modular blockchain architecture to address the challenges of deploying and scaling blockchains, and modular blockchain projects such as Eclipse, Constellation and dYmension have selected Celestia as their data availability layer. celestia launched its beta network in May this year Mamaki, which introduces a new data availability API, unlocks a powerful and simple proto-phrase for building blockchains: ordered and available data. an upgrade to Mamaki is planned for late October 2022.

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