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Blockchain Growth Catalyst: Nibiru Chain Secures $12M Investment

BusinessBlockchain Growth Catalyst: Nibiru Chain Secures $12M Investment

Title: Nibiru Chain Secures $12 Million for Blockchain Growth


Introduction

Dallas, Texas, February 5, Chainwire – Nibiru Chain, a general-purpose layer 1 blockchain, has successfully closed its latest round of funding, securing $12 million to set the stage for an ambitious phase of growth. Venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.


Community Sale Success

Nibiru’s Community Sale on CoinList sold out its initial allocation of $3M in 9 minutes. 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.


Onboarding Next Generation Blockchain Applications

Nibiru Chain stands out with its innovative tech and emphasis on developer and user-centricity. Key partners expressed their enthusiasm:

  • Performance and Security: Nibiru Chain boasts 40K transactions per second (TPS), 1.4s block times, and robust security, making it the platform of choice for developers prioritizing security and performance.
  • Versatility: Nibiru Chain spans multiple sectors including real-world assets (RWAs), gaming, DeFi, etc., offering developers confidence and flexibility.
  • Developer-Friendly Environment: Nibiru Chain’s “dev gas” royalty mechanism ensures a sustainable model for long-term growth, creating an optimal environment for developers and users.

2024 Roadmap

In 2024, Nibiru Chain sets its sights on expanding the ecosystem with 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.


About Nibiru Chain

Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, value accrual.


Conclusion

Renowned L1 blockchain and smart contract ecosystem Nibiru Chain is poised for rapid growth after securing $12 million in funding. With its innovative technology, developer-centric approach, and ambitious roadmap for 2024, Nibiru Chain is set to revolutionize the blockchain landscape and drive mainstream adoption of Web3 applications.

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