✅Celestia raises $55 million Why are investors so eager to invest in this project?
Good evening, friends… We are from Ukraine! I am happy to welcome everyone to my channel. With you, as always, your friendly Mr. Atlas. In this article, we will continue to review the new, expected and quite promising project and this: Celestia . And if it is more specific, then we will consider it
⭐️ investment side . But let’s answer the question: Why are investors struggling to invest in Celestia at an early stage? That’s why do not switch, the information is too useful. And we begin!
And we will start with you with happy news, because…
It was officially announced that
💎 Celestia Fund announces today that it has raised $55 million in backing in rounds led by Bain Capital Crypto and Polychain Capital with participation from Placeholder, Galaxy, Delphi Digital, Blockchain Capital and others.
⭐️Celestia presents a modular blockchain architecture to solve the problem of blockchain deployment and scaling. These specialized chains are less restrictive and break down the rigidity of monolithic chains into flexible components, promising greater scale, security and decentralization.
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✅ Friends, now let’s quote the apt saying of one of the representatives of the Celestia project team, so:
💎 “Modular blockchains will define the next decade of Web3 innovation ,” said Mustafa Al-Bassam, co-founder of Celestia. “For the past decade, cryptocurrency has been constrained by an endless cycle of new monolithic L1 smart contract platforms, each of which raced to the bottom to sacrifice decentralization and security for cheaper transaction fees. Web3 cannot scale within the constraints of a monolithic framework. We envision a blockchain ecosystem with modular data availability layers and runtimes that integrate together. We believe that modular blockchains are the next generation of scalable blockchain architectures.”
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So, let’s move on…
⭐️To date, modular blockchain projects such as Eclipse, Constellation and dYmension are known to have chosen Celestia for their data availability level. Every day, Celestia’s growing ecosystem attracts projects from all corners of cryptocurrency, including mining, mining infrastructure, DeFi applications, and more.
✅ Friends, how many projects do you think Celestia supports?
💎 So Celestia currently supports 26 projects in Modular Fellows, a new program that supports and mentors modular developers.
⭐️ “Modular designs open up rapid experimentation in a decentralized application stack ,” said Alex Evans, Bain Capital Crypto partner. “By minimizing base-level complexity, Celestia offers cleaner abstractions for developers and greater sovereignty for user communities. The pace of development of the Celestia community has been impressive and we are excited to support this growing ecosystem.”
✅Celestia is designed to provide a number of key benefits for Web3 developers, such as:
💠· Scalability
💠· Shared security
💠· Sovereignty
Friends, in the next issues we will return to these moments, and now we are moving on…
✅ For now, I want to end again with quotes from one of the representatives of the project team, which will aptly complement our conclusion, so:
💎 “At a time when everyone recognizes the importance of application chains and summaries, Celestia can enable both, standing at the center with the holy grail of data availability and accelerating the modular movement ,” said Chris Burniske, Partner at Placeholder.
“History has taught us that thin parts loosely connected lead to a combined pace of innovation that tends to outpace vertically integrated projects. However, it may take some time for such architectures to come together, and several layers are more important than a secure data layer, thin in functionality but hyper-applicable and scalable in utility. Celestia is the data layer; its consensus is solely responsible for the order of transactions and guarantees their data availability, pushing all levels of execution and verification above. Magically, the more nodes support Celestia with data availability sampling, the greater the secure bandwidth of the system.”
Friends, now I propose to summarize all of the above, so:
✅ SUMMARY:
⭐️I believe that I have convinced you, my dear subscribers, that Celestia is a promising project.
💎In terms of investments , we see great interest of investors and users in this project. That’s why I recommend this Celestia project.
💠I made my choice and it is definitely Celestia . That is why I will continue to actively monitor and invest in this project. And despite this, I will help the project in all possible and impossible ways.
On this note, I will conclude our discussion. Mr. was in touch. Atlas. See you in the next issue, stay tuned!
✅__Official links__✅
💎Celestia Website: https://celestia.org/
💎Twitter: https://twitter.com/CelestiaOrg
💎GitHub: https://github.com/celestiaorg/
💎Telegram: https://t.me/CelestiaCommunity
💎Reddit: https://www.reddit.com/r/CelestiaNetwork/
💎Blog: https://blog.celestia.org/
💎YouTube: https://www.youtube.com/channel/UCLlvAEzXBFZ-P3zS6BF2Bjg
💎Jobs: https://jobs.lever.co/celestia
💎Forum: https://forum.celestia.org/
