Celestia (TIA)

Established in 2019, Celestia is actively revolutionizing blockchain architecture through the use of modular blockchain networks, an approach they apply to significantly streamline the deployment and scalability of blockchain systems.

The technology, just as transformative as Ethereum Layer 2s and Zero Noage technology, has already garnered an impressive $56.5 million in funding through both the seed round and series A&B rounds. The project has already secured funding from numerous funds and angel investors, with prominent names including Binance Labs, Interchain Foundation, Bain Capital Crypto, and Polychain Capital as the lead investors.

Celestia's expanding ecosystem is drawing in projects from various sectors of the cryptocurrency world, encompassing 26 projects as part of the Modular Fellows program, providing support and mentorship to modular builders.

The project’s native token, $TIA, is designed to secure the ecosystem via proof-of-stake and pay transaction fees on the network. In the future the token will incorporate a fee burn mechanism (similar to Ethereum), where burnt fees will counterbalance the creation of new tokens as the network garners wider adoption.