Celisiia, TIA, to be launched soon

Celisiia, TIA, to be launched soon

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

The Celestia project, a technical initiative that aims to ensure that a blockchain's data is widely available, will launch before the end of the year.

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

TIA's launch will include a drop of 6% of the token's 1B supply- eligible 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, TIA testnet tokens can be claimed by eligible users.

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

The modular platform has been criticized by critics - Kyle Samani, a partner of venture firm Multicoin Capital, who raised $422 million in 2022, has argued that modular architecture adds too much complexity for developers.

In 2022, Celestia raised $55 million from major cryptocurrency venture outfits such as Polychain and Bain Capital. Celestia said the TIA airdrop is not available in the United States.