Modular Blockchain project Celestia to launch TIA

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Modular Blockchain project Celestia to launch TIA

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

Celestia, a project that works on data availability, aims to ensure that a blockchain's data is widely accessible, is to launch before the end of the year.

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

TIA's new launch will include an airdrop 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.

The next three weeks, TIA testnet tokens can be claimed by eligible users.

Celestia is an evolving trend in crypto to modularize blockchains, with solutions such as Celestia being responsible for many different functions like executing and arranging transactions, whereas solutions like Celestia unbundle different aspects of the blockchain stack.

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

In early 2022, Celestia raised $55 million from renowned crypto startup outfits like Polychain and Bain Capital. The TIA airdrop is not available in the United States, according to Celestia's website.