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HONG KONG, Oct. 16, 2023 /PRNewswire/ OKX Ventures, the investment arm of leading crypto exchange and Web3 technology company OKX, today announced its participation in Celestia Lab's Series B funding round. Celestia is the first modular blockchain network, meaning developers can use Celestia as a base layer for consensus and data functions, and then choose a virtual machine, such as Ethereum, Solana, zero-knowledge roll-ups or any other compatible smart contract execution layers, to build and deploy their own new blockchain. This contrasts with previous generations of blockchain infrastructure, in which Layer-1 chains perform consensus, data functions and execution altogether - a structure Celestia calls 'monolithic.' Celestia is also expected to be the first blockchain network to use Data Availability Sampling (DAS) when it goes live later this year. DAS is a lighter, faster way to verify blocks without requiring nodes to download all the data in a block. By allowing nod

Scotty jamesDora yueDaniel ricciardoIan poulterCelestia lab seriesEnglish premier leagueCelestia labData availability samplingFounder dora yueMclaren formulaTribeca festivalOlympian scotty jamesHong kongOct 16023 prnewswire okx venturesHe investment arm of leading crypto exchange and web3 technology company okx