Nibiru Chain Secures $12 Million for Developer-Driven Blockchain Expansion

Nibiru Chain is an L1  blockchain The platform has successfully wrapped up its latest funding round, garnering $12 million from a mix of venture sources, including Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.

As highlighted in their latest announcement, Nibiru’s community fundraising event on CoinList was a standout success, with the initial $3 million fund completely subscribed within just 9 minutes. An extended allocation of another $3 million also saw quick uptake, selling out in 11 minutes, signaling strong interest in the platform.

Notably, the fundraising event attracted an overwhelming 842% in extra interest, with 42,713 people registering and more than 5,000 individuals purchasing NIBI, the token designed for staking and utility within the network.

"Nibiru has integrated cutting-edge technology and insights from numerous cycles into what we believe is the most innovative blockchain we've examined. Their focus is squarely on developers, featuring a comprehensive toolkit, user-friendly APIs, language-specific SDKs, and a native oracle. We're thrilled to partner with Nibiru as we step into a new era of crypto adoption,\" said Tom Dunleavy, CIO and partner at Master Ventures Capital.

Nibiru Chain positions itself as a versatile Layer 1 blockchain, recognized for its technological prowess and a strong emphasis on catering to both developers and users. It boasts impressive capabilities, supporting 40,000 transactions per second (TPS) and achieving block times of just 1.4 seconds, making it ideal for diverse sectors such as real estate assets, gaming, and decentralized finance (DeFi).

Moreover, developers can leverage the Nibiru Chain to create applications, benefiting from features like CosmWasm smart contracts for heightened security and the familiarity of the Ethereum Virtual Machine (EVM). The platform also introduces a 'dev gas' royalty model aimed at sustaining its growth over the long haul.

"The integrated super applications, native oracle, and efficient data indexing within Nibiru drastically simplify the technical decision-making for projects, significantly reducing security risks. This will bolster confidence among users and developers alike, driving growth in the Nibiru ecosystem,\" remarked Allen Su, general partner at ArkStream Capital. Web3 Stay updated on cryptocurrency distributions through our

In 2024, Nibiru Chain aims to broaden its ecosystem with key initiatives, including an engaging airdrop, partnerships with major liquidity hubs, listings on high-profile centralized exchanges, implementation of parallel optimistic execution, and full compatibility with Ethereum's EVM. Airdrops Calendar .

Nibiru Chain’s Roadmap for 2024

This year highlights the much-anticipated launch of flagship decentralized applications (dApps) from Nibiru Chain, including Nibi-Perps, Nibi-Swap, and NUSD. These launches will serve as pivotal moments in Nibiru Chain's evolution towards a platform prioritizing users and developers. gamified According to Nibiru Chain, its goal is to create the most supportive environment for developers and users, spearheading the charge for mainstream Web3 adoption through continuous innovations across all layers: from dApp development to infrastructure, consensus algorithms, and a robust developer toolkit.

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