Modular blockchain Celestia completes $55 million funding, led by Bain Capital Crypto and Polychain Capital

2022-10-20 00:49:41

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ChainCatcher news, the modular blockchain network Celestia has completed a $55 million financing round, led by Bain Capital Crypto and Polychain Capital, with participation from Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, Jump Crypto, IOSG Ventures, A&T Capital, and several angel investors, including Balaji Srinivasan, Eric Wall, and Jutta Steiner.

According to reports, Celestia introduces a modular blockchain architecture to address the challenges of deploying and scaling blockchains. Modular blockchain projects such as Eclipse, Constellation, and dYmension have chosen Celestia as their data availability layer. Celestia launched its testnet Mamaki in May this year, which introduced a new data availability API that unlocks a powerful and simple primitive for building blockchains: ordered and available data. The upgrade plan for Mamaki is scheduled for late October 2022. (source link)

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