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[PRESS RELEASE – Dallas, Texas, February 5th, 2024]
Nibiru Chain, a general-purpose layer 1 blockchain, has efficiently closed its newest spherical of funding, securing $12 million to set the stage for an formidable section of progress. Enterprise investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Grasp Ventures, Tribe Capital, and Banter Capital.
“Nibiru has taken the entire greatest at school expertise and analysis developed over the previous few cycles and packed them into one of the best new chain we now have ever analyzed. They optimize for builders with a built-in dev toolkit, easy-to-use APIs, language SDKs, and a local oracle. MV Capital couldn’t be extra excited to be a accomplice with Nibiru as we transfer into the brand new degree of adoption for crypto.” – Tom Dunleavy, CIO and Companion at Grasp Ventures Capital
Nibiru’s Group Sale on CoinList bought out its preliminary allocation of $3M in 9 minutes. A further $3M extension bought out as effectively inside 11 minutes. By the top, this sale had 842% in pre-funded extra curiosity, attracting 42,713 registrants and over 5,000 purchasers of the community’s staking and utility token, NIBI.
Onboarding Subsequent Era Blockchain Purposes
Nibiru Chain stands out with its revolutionary tech and emphasis on developer and user-centricity. Key companions expressed their enthusiasm:
“We stay up for supporting the distinctive Layer 1 mannequin Nibiru has designed, the place the core primitives are constructed alongside the core basis for max interoperability — all whereas incentivizing builders and customers by way of its sensible contract royalty mechanism.” – Brandon Gath, Managing Companion at Kraken Ventures
It’s the platform of selection for builders who prioritize safety and efficiency. Boasting 40K transactions per second (TPS), 1.4s block occasions, and sturdy safety, Nibiru Chain’s versatility spans a number of sectors together with real-world belongings (RWAs), gaming, DeFi, and extra. Builders construct on Nibiru Chain with confidence, leveraging CosmWasm sensible contracts for enhanced safety or the familiarity of the EVM.
Moreover, builders can leverage Nibiru’s “dev gasoline” royalty mechanism to make sure a sustainable mannequin for long-term progress. At its core, Nibiru Chain is pushed to create the optimum setting for builders and customers.
“Nibiru’s built-in tremendous functions, native oracle, and data-indexing considerably scale back the technical choice difficulties for Web3 initiatives whereas concurrently reducing the probability of safety incidents. This can heighten person and developer confidence and the ensuing progress and prosperity of the Nibiru ecosystem. – Allen Su, Normal Companion at ArkStream Capital
Wanting Forward – Nibiru Chain’s 2024 Roadmap
In 2024, Nibiru Chain units its sights on increasing the ecosystem. Key developments embody a number of initiatives akin to a gamified engagement airdrop, integration with main liquidity facilities, itemizing on a number of top-tier centralized exchanges, implementing parallel optimistic execution, and reaching full EVM-compatibility.
This yr is marked by the anticipated launch of Nibiru Chain’s flagship dApps akin to Nibi-Perps, Nibi-Swap, and NUSD. These releases will mark main milestones in Nibiru Chain’s journey in direction of a person and developer-centric platform.
About Nibiru Chain
Nibiru Chain is a breakthrough L1 blockchain and sensible contract ecosystem sporting superior throughput and unparalleled safety. Nibiru goals to be probably the most developer-friendly and user-friendly sensible contract ecosystem, main the cost towards mainstream Web3 adoption by innovating at every layer of the stack: dApp improvement, infra, consensus, a complete dev toolkit, worth accrual.
For extra data go to: Nibiru.fi
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Contact
Media
Nibiru Chain
Media@nibiru.org
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