Celestia Labs Raises $55M to Build Modular Blockchain Network
October 19, 2022
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#Celestia #Labs #Raises #55M #Build #Modular #Blockchain #Network [ad_1]
“For the past decade, crypto has been bottlenecked by an endless loop of new monolithic [layer 1] smart contract platforms, each racing to the bottom to sacrifice decentralization and security to provide cheaper transaction fees,” said Celestia Labs co-founder Mustafa Al-Bassam. “Web3 cannot scale within the constraints of a monolithic framework.”
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