Nibiru Chain Secures $12 Million to Accelerate Developer-Focused L1 Blockchain – Blockchain News, Opinion, TV & Jobs

adminFebruary 5, 2024

Dallas, Texas, February 5, 2024, Chainwire

Nibiru Chain, a general-purpose layer 1 blockchain, successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious growth phase. Venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.

“Nibiru leverages all of the best-in-class technology and research developed over the past few cycles and puts it into the best new chain we have analyzed. Optimized for developers with a built-in development toolkit, easy-to-use API, language SDK, and native Oracle. MV Capital is excited to partner with Nibiru as we move to a new level of cryptocurrency adoption.” – Tom Dunleavy, CIO and Partner at Master Ventures Capital

CoinList’s Nibiru Community Sale sold out its initial allocation of $3 million in 9 minutes. An additional $3 million extension also sold out in 11 minutes. Ultimately, the sale achieved 842% of the pre-funded excess interest, attracting 42,713 registrants and over 5,000 buyers of NIBI, the network staking and utility token.

Onboarding next-generation blockchain applications

Nibiru Chain stands out for its innovative technology and emphasis on developer and user centricity. Key partners expressed their enthusiasm:

“We look forward to supporting the unique layer 1 model designed by Nibiru, which is built alongside the core foundation to maximize interoperability while incentivizing developers and users through smart contract loyalty mechanisms. ” – Brandon Gath, Managing Partner at Kraken Ventures

It is the platform of choice for developers who prioritize security and performance. Boasting 40K transactions per second (TPS), 1.4 second block times, and strong security, Nibiru Chain’s versatility spans multiple verticals including real-world assets (RWA), gaming, DeFi, and more. Developers confidently build Nibiru chains by leveraging CosmWasm smart contracts for enhanced security or EVM friendliness.

Additionally, developers can leverage Nibiru’s “development gas” royalty mechanism to ensure a sustainable model for long-term growth. The core of Nibiru Chain is to create an optimal environment for developers and users.

“Nibiru’s integrated super applications, native oracles, and data indexing significantly reduce the technical selection difficulties for Web3 projects while lowering the likelihood of security incidents. This will increase trust among users and developers, resulting in growth and prosperity for the Nibiru ecosystem. – Allen Su, General Partner at ArkStream Capital

Outlook – Nibiru Chain’s Roadmap to 2024

In 2024, Nibiru Chain aims to expand its ecosystem. Key developments include several initiatives such as gamified participation airdrops, integration with major liquidity centers, listing on multiple top centralized exchanges, implementing parallel optimistic execution, and achieving full EVM compatibility.

This year is expected to see the launch of Nibiru Chain’s flagship dApps, such as Nibi-Perps, Nibi-Swap, and NUSD. This release marks an important milestone in Nibiru Chain’s journey towards becoming a user- and developer-centric platform.

Nibiru Chain Introduction

Nibiru Chain is a groundbreaking L1 blockchain and smart contract ecosystem that boasts exceptional throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem and leads the movement toward mainstream Web3 adoption through innovation at each layer of the stack: dApp development, infrastructure, consensus, comprehensive development toolkit, and value generation.

For more information visit Nibiru.fi.

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