Celisii, a modular blockchain project, launches TIA tokens

Celisii, a modular blockchain project, launches TIA tokens

Eligible users from leading layer 2s and Cosmos can claim TIA tokens from the Modular Blockchain project.

Celestia, a project promoting data availability, a technical term that involves verifying that a blockchain's data is widely accessible, is set to launch before the end of the year.

The TIA token will be utilized as part of Celestia's launch, and will be used to pay for data availability services. The TIA will also be used for governance and to establish consensus in the Project's proof-of-stake blockchain. Celestia is utilizing the Cosmos SDK, a leading framework for developing application-specific blockchains, to deploy its own solution.

TIA's launch will also include a airdrop of 6% of the token's 1B supply-worthy users, who contributed to public goods and other research efforts associated with Celestia, early adopters of Ethereum rollups like Arbitrum and Optimism, and stakers in the Cosmos ecosystem.

For the next three weeks, eligible users can claim TIA testnet tokens.

Celestia is a recent trend in crypto that necessitates that instead of a single solution being responsible for many different functions like executing and settling transactions, solutions like Celestia unbundle different aspects of the blockchain stack.

The modular design has its critics, Kyle Samani, partner at venture firm Multicoin Capital, which raised $422M in 2022, has argued that modular architecture adds too much complexity for developers.

In 2022, Celestia raised $55 million from prominent crypto venture outfits like Polychain and Bain Capital. The TIA airdrop, however, is not available in the United States, Celestia said in a statement.