Nibiru Chain Raises $12 Million for Developer-Focused Blockchain
Nibiru Chain, a general-purpose layer one blockchain, has successfully raised $12 million in its latest funding round. The investment comes from various venture firms including Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.
The CIO and partner at Master Ventures Capital, Tom Dunleavy, expressed excitement about Nibiru’s technology and research, stating that it is the best new chain they have analyzed. Nibiru Chain offers a developer-friendly environment with built-in dev tools, easy-to-use APIs, language SDKs, and a native oracle.
The platform’s community sale on CoinList sold out within minutes and attracted over 42,000 registrants. Nibiru Chain aims to onboard next-generation blockchain applications and provides high throughput, fast block times, and robust security.
Partners Express Enthusiasm for Nibiru Chain
Key partners in the investment round shared their enthusiasm for Nibiru Chain. Brandon Gath from Kraken Ventures praised the platform’s distinctive layer one model that prioritizes maximum interoperability and incentivizes developers through smart contract royalties.
Nibiru Chain is designed for developers who prioritize security and performance. It boasts 40,000 transactions per second (TPS), 1.4-second block times, and supports sectors like real-world assets (RWA), gaming, and DeFi.
The platform offers versatility with CosmWasm smart contracts for enhanced security or compatibility with the Ethereum Virtual Machine (EVM). It also features a sustainable model for long-term growth through its “dev gas” royalty mechanism.
Nibiru Chain’s 2024 Roadmap
In 2024, Nibiru Chain plans to expand its ecosystem through various initiatives. These include a gamified engagement airdrop, integration with major liquidity centers, listing on top-tier centralized exchanges, implementing parallel optimistic execution, and achieving full EVM-compatibility.
The platform will also launch flagship decentralized applications (DApps) such as Nibi-Perps, Nibi-Swap, and NUSD. These releases mark significant milestones in Nibiru Chain’s journey towards becoming a user- and developer-centric platform.
About Nibiru Chain
Nibiru Chain is a layer one blockchain and smart contract ecosystem that focuses on throughput and security. The platform aims to be the most developer-friendly and user-friendly smart contract ecosystem by innovating at each layer of the stack. It provides comprehensive developer tools and value accrual.
For more information about Nibiru Chain, visit their website.
Contact
If you have any inquiries, you can reach out to Nibiru Chain via email at [email protected].
Hot Take: Nibiru Chain Raises $12 Million for Developer-Focused Blockchain
Nibiru Chain has successfully secured $12 million in funding from various venture firms to support its growth as a developer-focused layer one blockchain. The platform offers innovative technology, high throughput, and robust security, making it an ideal choice for developers seeking performance and reliability. With its recent community sale success and partnerships with industry-leading investors, Nibiru Chain is poised for significant expansion in the blockchain ecosystem. As it continues to onboard next-generation blockchain applications and launches flagship DApps, Nibiru Chain aims to establish itself as a user- and developer-centric platform at the forefront of Web 3.0 adoption.
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