Celestia Labs Raises $55M to Construct Modular Blockchain Community

by Jeremy

“For the previous decade, crypto has been bottlenecked by an infinite loop of recent monolithic [layer 1] good contract platforms, every racing to the underside to sacrifice decentralization and safety to supply cheaper transaction charges,” stated Celestia Labs co-founder Mustafa Al-Bassam. “Web3 can not scale throughout the constraints of a monolithic framework.”

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