Celestia announced the establishment of the non-profit organization Celestia Foundation.

BlockBeats news, on October 25th, Celestia, a modular blockchain network, announced the establishment of a non-profit organization called the Celestia Foundation based in Liechtenstein. The foundation aims to guide the Celestia ecosystem and maintain its values. The Celestia community believes that users should be the first-class citizens of the network and be able to directly verify the integrity of the blockchain without relying on centralized intermediaries. The main objectives of the foundation include funding scalable decentralized systems, open-source research and development of public goods, and supporting developers of infrastructure and applications based on Celestia. The management team of the foundation 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 CTO Ismail Khoffi, and Revalier owner and CEO Reinhold Wohlwend.