Plume Network integrates Celestia, a modular data accessibility network that facilitates secure enhancements in proportion to user volume. This facilitates the delivery of an individual’s blockchain.
Plume Network is a modular RWA L2 designed to facilitate the onboarding of RWA projects and new capital onto the blockchain by integrating capital suppliers and prime asset tokenization.
Plume’s objective is to establish a secure and cost-effective environment restricting each RWA project’s creative process. It will facilitate RWA composability, thereby fostering a secure environment for potential DeFi applications. Additionally, provisions are made for investors to engage in profitable investments.
Their team comprises professionals from Binance, Galaxy Digital, Wormhole, Scale Venture Partners, dYdX, Robinhood, Coinbase, LayerZero, and other prominent organizations.
Celestia is an innovative modular data accessibility network, as its name signifies modularity. Through its ability to traverse specific layers, Celestia presents a paradigm in which multiple operations can be executed in opposition to the tide. This innovative framework promotes a more adaptable and upgradable environment, which is advantageous for decentralized processes and applications.
By incorporating Celestia as the designated data accessibility layer, Plume’s technological infrastructure is enhanced. This will result in numerous benefits, including reduced gas costs when operating an L2 rollup such as Plume. It will facilitate the enhancement of Plume’s on-chain operations.
Plume anticipates a substantial reduction in gas costs by 99.9% through the implementation of Celestia’s exceptional data accessibility service. This will enable the provision of L2 space that is more affordable and feasible.
The integration of Celestia will enable forthcoming endeavors and retail clients to capitalize on the cost efficiency associated with the Plume Network. Additionally, RWAs and DeFi initiatives developed within the Plume ecosystem will benefit. Celestia enjoys the utmost confidence in numerous rollup chains.
Plume’s objective of fostering a robust ecosystem will be achieved by virtue of its partnership with Celestia, which will enable the existence of numerous RWAs projects in isolation and grant access to liquidity via a composable DeFi ecosystem.