Celestia Nears Key Milestones Amid Plans To Boost Block Size
Celestia is approaching the price point of its $100 million OTC deal at $3.50, signaling increasing investor interest. Recently, the team announced plans to increase its block size to 1 gigabyte, aiming to enhance data transfer efficiency. https://twitter.com/0xSisyphus/status/1832202726044004726?t=86b4m39kk8cKa-bjWoTHlQ&s=19 As the first modular blockchain to separate consensus, data availability, and execution, Celestia is designed to scale decentralized applications and enable a customizable blockchain future. https://twitter.com/CoinMarketCap/status/1832237361679286493?t=a_1katqi2zoAdtGO3R8ZiQ&s=19 Key Strengths: Celestia boasts a Tier 1 founding team, led by Mustafa Al-Bassam, Nick White, and John Adler, who bring deep expertise in the blockchain space. The platform has attracted numerous high-utility projects like Manta Network, AltLayer, Dymension, Eclipse, and Fuel Network, highlighting its thriving ecosystem. Additionally, Celestia has raised $56.6 million across three rounds, with the latest Series B valuing the company at $1 billion. Challenges: However, concerns loom over the token’s large allocation to […]