Crypto Updates

Nibiru Chain Secures $12 Million To Fuel Developer-Focused Layer One Blockchain

Nibiru Chain Secures $12 Million To Fuel Developer-Focused Layer One Blockchain

Nibiru Chain, a general-purpose layer one 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.

Tom Dunleavy, CIO and partner at Master Ventures Capital, said,

“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.”

Nibiru’s community sale on CoinList sold out its initial allocation of $3 million in nine minutes. An additional $3 million 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.

Brandon Gath, managing partner at Kraken Ventures, said,

“We look forward to supporting the distinctive layer one 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.”

It’s the platform of choice for developers who prioritize security and performance. Boasting 40,000 TPS (transactions per second), 1.4-second block times and robust security, Nibiru Chain’s versatility spans multiple sectors including RWA (real-world assets), gaming, DeFi and more.

Developers build on Nibiru Chain with confidence, leveraging CosmWasm smart contracts for enhanced security or the familiarity of the EVM.

Additionally, developers can leverage Nibiru’s ‘dev gas’ royalty mechanism to ensure a sustainable model for long-term growth.

At its core, Nibiru Chain is driven to create the optimal environment for developers and users.

Allen Su, general partner at ArkStream Capital, said,

“Nibiru’s integrated super applications, native oracle and data-indexing significantly reduce the technical…

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