Hassan Maishera
The Celestia team announced via X on Monday that they have raised $100 million, bringing the total raised to $155M. Bain Capital Crypto led the funding round, which included participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder, and others.
With Celestia underneath, developers can deploy high-throughput, unstoppable applications using any VM, whether to scale existing ecosystems like Ethereum or as their own sovereign networks.
Celestia is a Layer-1 blockchain that is designed to be the foundation for a new generation of modular rollups. It is designed to be secure, scalable, and cost-effective. Its native TIA coin is up by 13% in the last 24 hours and is now trading at $6.301.
