Celestia

$TIA
Vipin2Y

Blockchain Data-Availability Project Celestia's Foundation Raises $100M

Celestia Foundation, the team behind the Celestia blockchain network, said Monday that it has raised $100M in a fundraising round led by Bain Capital Crypto. The news comes as as Celestia's native token, TIA, is down 54% since the beginning of 2024, according to CoinMarketCap. Celestia had one of the hottest airdrops of 2023, issuing TIA to 580,000 of its users.

The fresh round of capital means that the foundation has a total of $155 million in funds, and saw participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder. The team did not detail what the new capital will be used for but highlighted that core developers are focused on its new roadmap unveiled earlier this month. Show Less

https://www.coindesk.com/tech/2024/09/23/blockchain-data-availability-project-celestias-foundation-raises-100m/
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