On Tuesday, September 24, 2024, the Celestia Crypto Foundation secured $100 million in new funding, with the round led by Bain Capital Crypto. This major infusion of capital brings the total amount raised by the foundation to $155 million, with backing from other notable investors like Syncracy Capital, 1kx, Robot Ventures, and Placeholder.
Celestia: Pioneering Modular Blockchain Technology and Unveiling a New Roadmap
Mustafa Al-Bassam, co-founder of the Celestia Foundation, emphasized the ongoing commitment of developers to the project, announcing a new technical roadmap. Al-Bassam explained that when Celestia was launched last year as the first modular data availability layer, it dramatically increased blockchain scalability—from the “dial-up era” to the “broadband era.” Now, the development team aims to elevate the blockchain space to the “fiber optic era,” ensuring it remains verifiable and low latency.
Rivaling Visa’s Speed with Modular Blockchain
Celestia is setting its sights high, aiming to outperform Visa’s transaction speed of 24,000 transactions per second. The foundation envisions a blockchain powerhouse capable of operating alongside multiple Visa networks, all while offering modular solutions that allow developers to build ultra-fast applications using any virtual machine or rollup framework. This modular approach positions Celestia as a disruptive force in the blockchain space.
Pepe Unchained ($PEPU): The Next Big Token?
Building on Celestia’s groundbreaking scalability model, Pepe Unchained is looking to make its mark in the market as the next significant token. Known as a Layer 2 meme coin, Pepe Unchained has already raised $14.8 million and is on track to hit the $15 million milestone.
It’s essential that we equip developers with all the necessary tools—comprehensive guides and financial support—to build outstanding dApps.
In Q4, we’ll officially open grant applications for developers looking to build on Pepe L2.
This is your chance to help shape the future…
— Pepe Unchained (@pepe_unchained) September 18, 2024
Pepe Unchained distinguishes itself from other meme coins by boasting an ultra-fast, cost-efficient blockchain that outpaces Ethereum. It has already gained attention for announcing a developer grant on X (formerly Twitter), aimed at growing its ecosystem and enabling developers to test the token’s proprietary blockchain. With its promise of 100x faster transactions than Ethereum, Pepe Unchained is breaking the mold for meme coins, positioning itself as more than just a novelty token.
