Celestia Raises $55 Million to Solve Blockchain Modularity Challenge – Blockchain Bitcoin News Celestia - Blockchain HEAD TOPICS

Celestia Raises $55 Million to Solve Blockchain Modularity Challenge – Blockchain Bitcoin News

10/21/2022 1:01:00 PM

Celestia a project that aims to solve the problem of monolithic blockchains announced it raised $55 million in its latest funding rounds

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Celestia , a project that aims to tackle the problem of blockchain deployment complexity, has announced it raised $55 million as part of combined Series A and Series B funding rounds. Celestia , a project that aims to solve the problem of monolithic blockchains, announced it raised $55 million in its latest funding rounds. Celestia Raises $55 Million to Solve Blockchain Modularity ChallengeCelestia, a project that aims to solve the perceived centralization problem in current monolithic blockchains, has announced it has raised $55 million in its latest funding round. The round, which was led by Bain Capital Crypto and Polychain Capital, also saw the participation of Delphi Digital, Protocol Labs, Figment, Maven 11, and Spartan Group, among others. Celestia Raises $55 Million to Make Blockchain Deployment EasyCelestia, a project that aims to tackle the problem of blockchain deployment complexity, has announced it raised $55 million as part of combined Series A and Series B funding rounds. The company announced that the funding round was co-led by Bain Capital Crypto and Polychain Capital, with the participation of Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, and Read more:
Bitcoin News » Celestia Labs hits unicorn status in latest bet on modular blockchains Celestia Labs hits unicorn status in latest bet on modular blockchains Celestia Foundation raises $55M for modular blockchain architecture Into the World of Blockchain Development: A Constructive Guide 2022 HackerNoon

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Silver Peak has gained newfound attention in recent years as the energy and transportation sectors race to wean themselves off climate-warming fossil fuels. Read more >> Why you not talking about this! Hello, please strongly support Bitcoin, Dogecoin and other currencies again and prevent their prices from being reduced by some profiteers. Thanks . The craziest airdrop is Live 💰 Why you not talking about this! GUYS!! Why dont they want us to know this How come everyone is silent on this. Why dont they want us to know this Why dont theey want us to know this OMG! Why you not talking about this! The craziest airdrop is Live 💰 GUYS!! Why dont they want us to know this Celestia Labs hits unicorn status in latest bet on modular blockchains Celestia Labs, a startup that hopes to help better blockchain infrastructure with a modular approach, announced $55 million in fundraising this morning. How does Celestia create a business model? Sooooo you only shill 'crypto' huh. Guys!! Everyone should know this!! Say thanks later!! Celestia Labs hits unicorn status in latest bet on modular blockchains Celestia Labs, a startup that hopes to help better blockchain infrastructure with a modular approach, announced $55 million in fundraising this morning. How does Celestia create a business model? Sooooo you only shill 'crypto' huh. Celestia Foundation raises $55M for modular blockchain architecture Celestia Foundation scoops $55 million to build infrastructure for anyone with the technical background to deploy their own blockchain at minimal expense. Interesting atownley Into the World of Blockchain Development: A Constructive Guide 2022 HackerNoonBlockchain Development is a profitable technique for software development firms. The technology of stored data in the form of blocks is the blockchain. - blockchaindevelopment customblockchaindevelopment 1 min ago Celestia Raises $55 Million to Solve Blockchain Modularity Challenge Celestia, a project that aims to solve the perceived centralization problem in current monolithic blockchains, has announced it has raised $55 million in its latest funding round.Quick Take Celestia Labs netted $55 million across two quietly closed fundraises this year.Quick Take Celestia Labs netted $55 million across two quietly closed fundraises this year.announced on Oct. The round, which was led by Bain Capital Crypto and Polychain Capital, also saw the participation of Delphi Digital, Protocol Labs, Figment, Maven 11, and Spartan Group, among others. Celestia Raises $55 Million to Make Blockchain Deployment Easy Celestia, a project that aims to tackle the problem of blockchain deployment complexity, has announced it raised $55 million as part of combined Series A and Series B funding rounds. Celestia Labs, a startup that hopes to build better blockchain infrastructure with a modular approach, has announced $55 million in fundraising. The company announced that the funding round was co-led by Bain Capital Crypto and Polychain Capital, with the participation of Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, and Jump Crypto , among others. Bain Capital Crypto, the $560 million fund launched in March , and Polychain led the fundraising, according to a statement today. The combined funding round was oversubscribed four times, and according to reports, gives Celestia a valuation of $1 billion. Placeholder, Galaxy Digital, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, Jump Crypto also participated — along with angel investors including Balaji Srinivasan, Eric Wall and Jutta Steiner. The funds will supposedly allow Celestia to continue building its modular network to allow anyone to deploy their own blockchain in an easy way. In addition, it claimed that its specialized chains are less constrained and break the rigidity of monolithic chains into flexible components, promising greater scale, security, and decentralization. According to the company, current-gen blockchains are very difficult to deploy and manage, due to their monolithic design. The more-recent capital injection valued Celestia at $1 billion, granting it unicorn status, the person said. The more-recent capital injection valued Celestia at $1 billion, granting it unicorn status, the person said. Celestia’s architecture adds a series of layers that offer more decentralization and flexibility. Mustafa Al-Bassam, co-founder of Celestia, believes this kind of architecture might be the future of blockchain development. Celestia’s trick is to separate the consensus mechanism — which is how blockchain participants agree that transactions have taken place — from execution. He stated: Modular blockchains will define the next decade of Web3 innovation. The idea, as laid out in its announcement, is that any developer will be able to use Celestia’s technology to roll out a decentralized blockchain without having to concern themselves with setting up a consensus network from scratch. We envision a blockchain ecosystem with modular data availability layers and execution environments that all integrate together. “For the past decade, crypto has been bottlenecked by an endless loop of new monolithic L1 smart contract platforms, each racing to the bottom to sacrifice decentralization and security to provide cheaper transaction fees,” said Mustafa Al-Bassam, co-founder at Celestia Labs, in the statement. In May, Celestia launched its testnet, Mamaki, with an upgrade scheduled for late October 2022. We believe modular blockchains are the next generation of scalable blockchain architectures. The new raise comes after the company $1.” A modular movement an $80 million raise for its modular execution layer — a round led by Blockchain Capital and Stratos Technologies.” A modular movement an $80 million raise for its modular execution layer — a round led by Blockchain Capital and Stratos Technologies.5 million back in March 2021 in its seed funding round. Celestia Details and Roadmap Celestia is already actively incubating projects to support companies and individuals willing to adopt modularity for the design of their blockchains. Ekram Ahmed, head of communications at Celestia, is a strategic advisor to Fuel. A program called Modular Fellows has already selected several individuals and teams, and will accompany and fund their projects for a period of three months, during which the teams will deliver several milestones and a demo of completed projects. Celestia last announced a fundraise in March 2021, when it secured $1. The project is already active in a testnet called Mamaki, which was launched in May.5 million in seed capital from backers including Binance Labs, Maven 11 and KR1. Celestia aims to launch an incentivized testnet for 2023, in which users will be rewarded with tokens for their participation on the network. Mainnet is also expected to be launched next year, although the company has not offered a specific launch date yet. It named Eclipse, Constellation and dYmension as examples of projects that are currently using Celestia as their data availability layer. It named Eclipse, Constellation and dYmension as examples of projects that are currently using Celestia as their data availability layer. Tags in this story .