Celestia Secures $100 Million In Latest Funding Round

According to Blockworks, Celestia has announced a $100 million funding round led by Bain Capital Crypto, with participation from 1kx, Syncracy Capital, Placeholder, and Robot Ventures. This latest round brings the project's total funding to $155 million. Mustafa Al-Bassam, co-founder of Celestia and chair of the Celestia Foundation, highlighted the project's progress, stating that Celestia has evolved from the 'dial-up era to the broadband era' in terms of blockspace scalability. The core developers have now introduced a technical roadmap to further scale blockspace to the 'fiber optic era,' while maintaining verifiability and low latency. In other news, Andreessen Horowitz (a16z) made headlines with its first investment in a decentralized science project, AminoChain. AminoChain announced a $5 million seed round led by a16z. Arianna Simpson, a general partner at a16z, emphasized the potential of blockchain technology to revolutionize industries that prioritize transparency, security, and ownership. AminoChain aims to provide patients who donate bio-samples with transparency regarding the use of their donations. The project seeks to connect enterprise medical institutions and support the development of healthcare applications. Other notable funding rounds include Polymarket, which is reportedly considering raising over $50 million in new capital, according to The Information. Initia announced a $14 million Series A round led by Theory Ventures, with participation from Delphi Ventures and HackVC. Mawari Network raised over $10 million in strategic funding in a round led by Borderless, 1kx, and Antfield. Daylight secured $6 million in a round led by Union Square Ventures and 1kx, with participation from Framework Ventures and Chapter One.