On October 25th, modular blockchain network Celestia announced the establishment of a non-profit organization located in Liechtenstein - the Celestia Foundation. The foundation aims to guide the Celestia ecosystem and maintain 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 main goals of the foundation include funding scalable decentralized systems, open-source development of public goods, and supporting developers of infrastructure and applications based on Celestia. The management of the foundation is composed of four initial members, including Celestia co-founder and Celestia Labs CEO Dr. Mustafa Al-Bassam, cryptocurrency entrepreneur and investor Batuhan, Celestia co-founder and Celestia Labs CTO Ismail Khoffi, and Reinhold Wohlwend, owner and CEO of Revalier.