Celestia establishes a foundation to promote decentralized research and development, announcing the first batch of council members

ChainCatcher news, the modular blockchain Celestia has announced the establishment of the Celestia Foundation, which is dedicated to funding the research and development of scalable decentralized systems and secure light nodes, providing funding for open-source public goods in the modular blockchain ecosystem, supporting and encouraging open core development processes, and assisting developers in building infrastructure and applications based on Celestia.

The Celestia Foundation is managed by a board of directors, initially consisting of four members: Dr. Mustafa Al-Bassam, co-founder of Celestia and CEO of Celestia Labs; cryptocurrency entrepreneur and investor Batuhan; Ismail Khoffi, co-founder of Celestia and CTO of Celestia Labs; and Reinhold Wohlwend, owner and managing director of Revalier.