Dallas, Texas, February 5, 2024, Chainwire
Nibiru Chain, a general-purpose layer 1 blockchain, has successfully closed its latest funding round, securing $12 million in preparation for an ambitious growth phase. Venture investments include funding from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.
“Nibiru has taken all the best-in-class technology and research developed over the past few cycles and crammed it into the best new chain we've ever analyzed. Built-in development toolkit, easy-to-use API , language SDK, and is optimized for developers using native Oracle. MV Capital couldn't be more excited to partner with Nibiru as it moves to a new level of cryptocurrency adoption. – Tom Dunleavy, CIO and Partner at Master Ventures Capital
Nibiru’s community sale on CoinList sold out its initial allocation of $3 million in 9 minutes. His additional $3 million extension also sold out within 11 minutes. Ultimately, the sale earned 842% of the pre-funded excess interest and attracted 42,713 registrants and over 5,000 buyers of NIBI, the network's staking and utility token.
Onboarding next-generation blockchain applications
Nibiru Chain stands out for its innovative technology and developer- and user-centric focus. Key partners expressed their enthusiasm:
“We look forward to supporting the distinctive Layer 1 model designed by Nibiru, which allows for maximum interoperability while incentivizing developers and users through smart contract loyalty mechanisms. Core primitives are being built in parallel with the core foundation to enable functionality.” – Brandon Gath, Managing Partner, Kraken Ventures
This is the perfect platform for developers who prioritize security and performance. Boasting 40,000 transactions per second (TPS), 1.4 seconds block time, and robust security, Nibiru Chain's versatility spans multiple sectors including real-world assets (RWA), gaming, DeFi, and more. Developers build on her Nibiru Chain with confidence, leveraging CosmWasm smart contracts to enhance security and ease of use with EVM.
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 the best environment for developers and users.
“Nibiru's integrated super application, native oracle, and data indexing greatly reduce the difficulty of technical choices for Web3 projects, while reducing the likelihood of security incidents. Increased trust, which in turn increases the growth and prosperity of the Nibiru ecosystem. – Allen Su, General Partner, ArkStream Capital
Looking to the future – Nibiru Chain’s 2024 roadmap
In 2024, Nibiru Chain aims to expand its ecosystem. Key developments include gamified engagement airdrops, integration with major liquidity centers, listing on multiple top-tier centralized exchanges, implementing parallel optimistic execution, and achieving full EVM compatibility. , includes several initiatives.
This is the year when Nibiru Chain’s flagship dApps are scheduled to launch, including Nibi-Perps, Nibi-Swap, and NUSD. These releases will be major milestones in his 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 smart contract ecosystem, and by innovating at each layer of the stack (dApp development, infrastructure, consensus, comprehensive development toolkit, and value generation) is leading the way in implementing Web3.
For more information, please visit: Nibiru.fi
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Source: the-blockchain.com
