Celestia announces launch of non-profit organization Celestia Foundation

Modular blockchain network Celestia announced the establishment of the Celestia Foundation, a non-profit organization based in Liechtenstein. The foundation aims to guide the Celestia ecosystem and preserve its values. The Celestia community firmly believes that users should be first-class citizens of the network and be able to directly verify the integrity of the blockchain rather than relying on centralized intermediaries. The foundation's primary goals include funding open source research and development of scalable decentralized systems, public goods, and supporting developers of Celestia-based infrastructure and applications. The foundation’s management consists of four initial members, including Celestia co-founder and Celestia Labs CEO Dr. Mustafa Al-Bassam, cryptocurrency entrepreneur and investor Batuhan Dasgin, Celestia co-founder and Celestia Labs CEO Ismail Khoffi, Technical Officer, and Reinhold Wohlwend, Owner and Managing Director of Revalier.