Nibiru Chain Raises $12 Million in Funding for Growth
Nibiru Chain, a general-purpose layer 1 blockchain, has successfully closed its latest funding round, securing $12 million from venture investments. The funding comes from notable investors including Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.
“Nibiru has taken all of the best in class technology and research developed over the past few cycles and packed them into the best new chain we have ever analyzed. They optimize for developers with a built-in dev toolkit, easy-to-use APIs, language SDKs, and a native oracle. MV Capital could not be more excited to be a partner with Nibiru as we move into the new level of adoption for crypto.” – Tom Dunleavy, CIO and Partner at Master Ventures Capital
The Community Sale on CoinList for Nibiru Chain sold out its initial allocation of $3M within 9 minutes and an additional $3M extension within 11 minutes. The sale attracted 42,713 registrants and over 5,000 purchasers of the network’s staking and utility token, NIBI.
Onboarding Next Generation Blockchain Applications
Nibiru Chain stands out with its innovative tech and developer-centric approach. Key partners are enthusiastic about its potential:
“We look forward to supporting the distinctive Layer 1 model Nibiru has designed, where the core primitives are built alongside the core foundation for maximum interoperability — all while incentivizing developers and users through its smart contract royalty mechanism.” – Brandon Gath, Managing Partner at Kraken Ventures
Nibiru Chain offers high security and performance, with 40K transactions per second (TPS), 1.4s block times, and robust security. It caters to multiple sectors including real-world assets, gaming, and DeFi. Developers can build on Nibiru Chain with confidence using CosmWasm smart contracts or the familiarity of the EVM.
“Nibiru’s integrated super applications, native oracle, and data-indexing significantly reduce the technical selection difficulties for Web3 projects while simultaneously lowering the likelihood of security incidents. This will heighten user and developer confidence and the consequent growth and prosperity of the Nibiru ecosystem. – Allen Su, General Partner at ArkStream Capital
Nibiru Chain’s 2024 Roadmap
In 2024, Nibiru Chain plans to expand its ecosystem through various initiatives, including 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 year will also see the launch of flagship dApps like Nibi-Perps, Nibi-Swap, and NUSD, marking significant milestones for Nibiru Chain as a user and developer-centric platform.
About Nibiru Chain
Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem with superior throughput and security. It aims to be the most developer-friendly and user-friendly smart contract ecosystem by innovating at each layer of the stack.
For more information, visit: Nibiru.fi
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Hot Take: Nibiru Chain Raises $12 Million for Growth and Innovation in the Blockchain Space
Nibiru Chain has successfully secured $12 million in funding from prominent venture investments, positioning itself for ambitious growth. The funding round attracted major players in the industry, demonstrating confidence in Nibiru’s technological advancements and developer-centric approach. With its emphasis on security, performance, and interoperability, Nibiru Chain offers a versatile platform for various sectors including real-world assets, gaming, and DeFi. The platform’s roadmap for 2024 includes exciting initiatives and the launch of flagship dApps, solidifying its position as a user and developer-friendly smart contract ecosystem. Nibiru Chain’s innovative solutions and dedication to creating an optimal environment for developers and users make it a key player in driving mainstream adoption of Web3.
Owen Patter is a distinguished crypto analyst, accomplished researcher, and skilled editor, leaving a notable imprint on the cryptocurrency landscape. As a proficient crypto analyst and researcher, Owen delves into the intricate realms of digital assets, offering insights that resonate with a diverse audience. His analytical acuity is harmoniously paired with adept editorial skills, allowing him to transform complex crypto information into easily comprehensible content.