Nibiru Chain – a general-purpose layer 1 blockchain – announced it has successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious growth phase. And venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.
Nibiru’s Community Sale on CoinList sold out the initial allocation of $3 million in 9 minutes. And an additional $3M extension sold out as well within 11 minutes. By the end, this sale had 842% in pre-funded excess interest, attracting 42,713 registrants and over 5,000 purchasers of the network’s staking and utility token, NIBI.
Nibiru Chain stands out with its innovative tech and emphasis on developer and user-centricity. And the key partners expressed their enthusiasm:
This is the platform of choice for developers who prioritize security and performance. And boasting 40K transactions per second (TPS), 1.4s block times, and sophisticated security, Nibiru Chain’s versatility spans multiple sectors including real-world assets (RWAs), gaming, DeFi, and more. Developers can build on Nibiru Chain with confidence, leveraging CosmWasm smart contracts for enhanced security or familiarity with the EVM.
Plus, developers can leverage Nibiru’s “dev gas” royalty mechanism to ensure a sustainable model for long-term growth. And at its core, Nibiru Chain is driven to create the optimal environment for developers and users.
This year, Nibiru Chain sets its sights on expanding the ecosystem. The key developments include several initiatives such as a gamified engagement airdrop, integration with major liquidity centers, listing on several top-tier centralized exchanges, implementing parallel optimistic execution, and achieving full EVM compatibility.
This year is marked by the anticipated launch of Nibiru Chain’s flagship dApps like Nibi-Perps, Nibi-Swap, and NUSD. These releases will mark major milestones in Nibiru Chain’s journey toward a user and developer-centric platform.
KEY QUOTES:
“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
“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’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
