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Celestia Labs, a blockchain company, has acquired Sovereign Labs, a blockchain infrastructure company focused on application-specific networks. The deal will allow Celestia to offer companies a wider range of blockchain development services, from L1 infrastructure to execution and application layers.
Sovereign Labs was founded in 2021 and has become one of the main projects in the Celestia ecosystem. Its Sovereign SDK is used to build high-performance custom blockchains. The technology powers a bridge Relay and a perpetual exchange Bullet.
As part of the acquisition, Sovereign Labs co-founder Preston Evans will become CTO of Celestia Labs.
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