Dallas, Texas, February 5, 2024, Warp Wire
Nibiru chain, a general-purpose layer 1 blockchain, has successfully completed its latest funding round, securing $12 million to pave the way for an ambitious growth phase. Venture investments include contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital and Banter Capital.
“Nibiru has taken the best-in-class technology and research developed over the last few cycles and packaged it 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 couldn’t be more excited to be a partner with Nibiru as we reach the new level of adoption for crypto.” – Tom Dunleavy, CIO and partner at Master Ventures Capital
Nibiru’s Community Sale on CoinList sold the initial $3M allocation in 9 minutes. An additional $3 million renewal sold out in 11 minutes. By the end, this sale had 842% of pre-funded excess interest, attracting 42,713 registrants and over 5,000 buyers of the network’s staking and utility token, NIBI.
Onboarding Next Generation Blockchain Applications
Nibiru Chain stands out for its innovative technology and emphasis on developer and user focus. Key partners expressed their enthusiasm:
“We look forward to supporting the signature Layer 1 model that Nibiru has designed, where the core primitives are built alongside the core foundation for maximum interoperability – all while incentivizing developers and users through the smart contract royalty mechanism.” – Brandon Gath, Managing Partner at Kraken Ventures
It is the platform of choice for developers who prioritize security and performance. With 40,000 transactions per second (TPS), 1.4 second block times and robust security, Nibiru Chain’s versatility spans multiple sectors including real-world assets (RWA), gaming, DeFi and more. Developers build on Nibiru Chain with confidence and leverage CosmWasm smart contracts for enhanced security or EVM awareness.
Additionally, developers can leverage Nibiru’s ‘dev gas’ royalty mechanism to ensure a sustainable model for long-term growth. At its core, Nibiru Chain is driven to create the optimal environment for developers and users.
“Nibiru’s integrated super applications, native oracle and data indexing significantly reduce technical selection issues for Web3 projects while lowering the risk of security incidents. This will increase user and developer confidence and increase the resulting growth and prosperity of the Nibiru ecosystem. – Allen Su, general partner at ArkStream Capital
Looking ahead: Nibiru Chain’s 2024 roadmap
In 2024, Nibiru Chain will focus on expanding the ecosystem. Key developments include several initiatives such as a gamified engagement airdrop, integration with major liquidity centers, listing on several top centralized exchanges, implementing parallel optimistic execution and achieving full EVM compatibility.
This year will be marked by the expected launch of Nibiru Chain’s flagship dApps such as Nibi-Perps, Nibi-Swap and NUSD. These releases will mark important milestones in Nibiru Chain’s journey towards a user- and developer-centric platform.
About Nibiru chain
Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem with superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and easy-to-use smart contract ecosystem, leading the charge towards mainstream Web3 adoption by innovating at every layer of the stack: dApp development, infrastructure, consensus, a comprehensive dev toolkit , value building.
For more information visit: Nibiru.fi
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