Celestia (TIA) is a scalable modular blockchain network specifically designed to address the blockchain trilemma of scalability, security, and decentralization.
Celestia's modular design allows for the creation of specialized and self-governing blockchains called "sovereign rollups." This approach enhances scalability, flexibility, and interoperability, making it easier for developers to launch their own blockchain networks.
Celestia has gained significant attention and is supported by renowned names in the blockchain industry, including Bain Capital Crypto and Polychain Capital. These investors led a Series A and B funding round, raising $55 million for the project at a valuation of $1 billion. Other notable investors in the project include Coinbase Ventures, Delphi Digital, Placeholder, and Jump Crypto.
TIA is the native token of the Celestia blockchain, designed to facilitate transactions within the modular data availability network. It aims to provide a simplified framework for developing decentralized applications and has gained attention with its large airdrop and support from investors like Bain Capital Crypto and Polychain Capital.
The Celestia airdrop saw the project’s developers distribute a total of 60 million TIA tokens to various ecosystem users and developers. Users of the top 10 Ethereum rollups, including Arbitrum and Optimism, stakers on Cosmos Hub and Osmosis, and contributors to public Github repositories, were eligible to receive TIA airdrops.
Celestia was the inaugural project listed on KuCoin’s pre-market trading platform in October 2023.
