Home Blockchain Celestia Labs Raises $55M to Construct Modular Blockchain Community – CoinDesk

Celestia Labs Raises $55M to Construct Modular Blockchain Community – CoinDesk

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“For the previous decade, crypto has been bottlenecked by an countless loop of recent monolithic [layer 1] sensible 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’t scale inside the constraints of a monolithic framework.”

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