Celestia has announced a $100 million funding round led by Bain Capital Crypto, taking a significant step forward in blockchain scalability. Its total funding has reached $155 million. Co-founder Mustafa Al-Bassam said that Celestia has developed a technical roadmap to move its blockchain from dial-up to broadband and now to the fiber optic era. $TIA
In other news, Andreessen Horowitz (a16z) has invested $5 million in decentralized science project AminoChain. AminoChain aims to provide patients who donate biological samples with transparency over how their donations are used.
There have also been other significant funding rounds, including Polymarket looking to raise more than $50 million in new capital, Initia raising a $14 million Series A round, and Mawari Network raising more than $10 million in strategic funding. Daylight has closed a $6 million funding round.