For several days now, different analysts have been TIA Coin We were seeing that it was sharing its bullish targets and today TIA gave the good news. Celestia Foundation raised $100 million in funds. Big news about the funding of such an ecosystem naturally causes the token price to increase. With the good news that came minutes ago, TIA Coin rose more than 10 percent.
Why Is TIA Coin Rising?
Led by Bain Capital Crypto with participation from Syncracy Capital, 1kx, Robot Ventures, Placeholder and others Celestia The foundation raised $100 million in funds. The amount of money allocated to support projects in the ecosystem has thus climbed to $155 billion. The ecosystem has been built rapidly since the launch in October 2023. Celestia, which set out to optimize Layer1 networks, is working on the transfer of data from different networks with its own execution layer.
Multi-chain world Web3The future of and the rapid growth of projects working in this area is not surprising. The core developers’ recent announcement of the goal of relentlessly scaling to 1 gigabyte blocks and bringing a major increase in data throughput to Celestia’s rollup ecosystem will take the speed issue to a much higher level.
Mustafa Al-Bassam, co-founder of Celestia and President of Celestia Foundation, said:
“When Celestia launched last year as the first modular data availability layer, it scaled the block space from the dial-up era to the broadband era. Now, core developers have delivered the technical roadmap to scale the block space to the fiber optic era – while ensuring it is verifiable and low-latency.”
If they can overcome the development phase of the great revolution in speed soon, TIA Coin can run to much greater heights in the possible rise period for altcoins.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
