The Cosmos Ecosystem Fund invested $100,000 in Celestia in 2021, which is now worth $70 million

2023-11-29 12:25:42
Collection

ChainCatcher news, John Galt, the strategic director of Stride in the Cosmos ecosystem, tweeted that the Interchain Foundation (ICF) of the Cosmos ecosystem invested $100,000 in Celestia in 2021, holding 1.6% of the shares, which is currently valued at $70 million, and has a total value of approximately $350 million in BTC, ETH, USD, and ATOM.

In the coming years, ICF will particularly benefit Osmosis and Celestia. Because:

  • Osmosis is the largest user of Cosmos technology;
  • Celestia is financially consistent with ICF.

John stated that although ICF claims not to align with any Cosmos chains, with the rise in TIA prices, the $70 million in TIA within ICF's assets may exceed the total value of the remaining assets.

ChainCatcher reminds readers to view blockchain rationally, enhance risk awareness, and be cautious of various virtual token issuances and speculations. All content on this site is solely market information or related party opinions, and does not constitute any form of investment advice. If you find sensitive information in the content, please click "Report", and we will handle it promptly.
ChainCatcher Building the Web3 world with innovators