The Celo Foundation is a non-profit organization that supports the growth and development of the Celo blockchain, a Layer-1 protocol transitioning to an Ethereum Layer-2. Launched on Earth Day 2020, Celo's mission is to build a financial system that creates the conditions for prosperity for all. It was founded by a team from MIT, Stanford, and Google and is designed for mobile accessibility, featuring the ability to map phone numbers to wallet addresses. The platform is carbon-negative and focuses on real-world use cases, particularly in decentralized finance (DeFi), aiming to empower users globally, including those without access to traditional banking.

Founded in

United States