Nibiru Chain, a cutting-edge layer 1 blockchain, has announced the successful completion of a $12 million funding round, signaling a significant leap towards its next growth stage. This round saw participation from various venture capital firms, including Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.
Tom Dunleavy, CIO and Partner at Master Ventures Capital expressed his excitement about the investment, stating, “Nibiru integrates the latest technology and research to deliver an outstanding new chain focused on developer needs. It offers a comprehensive dev toolkit, straightforward APIs, language SDKs, and an in-built oracle. We’re thrilled to support Nibiru as it spearheads crypto adoption to new heights.”
The community sale of Nibiru on CoinList featured an initial $3 million allocation and was fully subscribed in just 9 minutes. A subsequent $3 million extension also sold out rapidly in 11 minutes. The sale witnessed overwhelming interest, with 42,713 registrants and more than 5,000 purchasers for Nibiru Chain’s staking and utility token, NIBI.
Nibiru Chain is renowned for its focus on developer and user-centric features, promoting a next-gen blockchain application environment. Brandon Gath, Managing Partner at Kraken Ventures, praised Nibiru’s unique Layer 1 framework for maximizing interoperability while encouraging developers and users through its smart contract royalty system.
The chain boasts impressive technical specs, including 40K transactions per second (TPS), 1.4s block times, and top-notch security. It supports various applications across various sectors, such as assets, gaming, DeFi, etc. Developers can utilize CosmWasm smart contracts or the EVM for secure and familiar building experiences.
Nibiru’s “dev gas” royalty system is designed to foster sustainable growth within the developer community. Allen Su, General Partner at ArkStream Capital, highlighted Nibiru’s integrated features, like its native oracle and data-indexing, simplifying Web3 project development and enhancing security, boosting confidence in the Nibiru ecosystem.
For 2024, Nibiru Chain has outlined an expansive roadmap focused on ecosystem growth. Plans include a gamified engagement airdrop, integration with crucial liquidity providers, listings on top centralized exchanges, the introduction of parallel optimistic execution, and full EVM compatibility.
This year will also see the launch of flagship dApps, including Nibi-Perps, Nibi-Swap, and NUSD, marking significant progress in Nibiru Chain’s aim to be the most accessible and secure platform for developers and users.
Nibiru Chain is pioneering a developer-friendly and user-friendly blockchain and smart contract ecosystem. Its focus on high throughput, security, and a comprehensive development toolkit positions Nibiru as a leader in driving Web3 mainstream adoption.
