OKX Ventures, the investment arm of the cryptocurrency exchange OKX, invested in Celestia, which is expected to organize an airdrop.
According to the announcement made today, OKX Ventures also participated in the B Series investment round organized by Celestia Lab.
Unlike other conventional Layer 1 projects, Celestia separates the reconciliation, data function and execution processes. Dora Yue, founder of OKX Ventures, “the first modular blockchain network” He said this about Celestia, described as:
“Celestia has brought a modular approach to the blockchain industry, which is a completely different paradigm compared to traditional Layer 1 chains, and this has the possibility of opening a new era for blockchain infrastructures.”
The Celestia project is expected to be implemented at the end of this year. Celestia will also organize an airdrop for its own token, TIA. 60 million TIA will distribute.
Snapshots for wallets that met the airdrop criteria were taken on January 1, 2023. Users who meet the criteria will have until October 17 at 15:00 BST to claim.