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Noble and Celestia have announced their partnership to bring native stablecoin utility, notably Circle’s USDC, into the Cosmos ecosystem, a development expected to enhance liquidity and reduce volatility risks.
In the DeFi landscape, the role of stablecoins CelestiaCosmosIntroduceNativeNoblePartnerStablecoin Read More
Celestia Foundation announced on Oct. 18 that it had raised $55 million in a funding round led by Bain Capital Crypto, Polychain Capital, Placeholder, Galaxy, Delphi Digital, Blockchain Capital, NFX, Protocol Labs, Figment, Maven 11, Spartan Group, FTX Ventures, Jump Crypto, and angel investors; Balaji Srinivasan, Eric Wall, and Jutta 55MArchitectureBlockchainCelestiaFoundationModularRaises Read More
“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 55MBlockchainBuildCelestiaLabsModularNetworkRaises Read More
The project – backed by venture firm NFX, Cosmos developer Zaki Manian and a handful of others – believes its tech could put an end to the “monolithic era” of layer 1 competition, providing a solution that is ultimately more sovereign and scalable for mass adoption, according to a press BlockchainCelestiaLaunchesModularTestnet Read More