Nibiru Chain, a versatile layer 1 blockchain, has recently concluded its latest funding round, securing $12 million to fuel its ambitious growth plans. The investment was backed by prominent venture firms including Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.
Tom Dunleavy, CIO and Partner at Master Ventures Capital, expressed excitement about Nibiru’s technological advancements, highlighting its developer-friendly features and native oracle integration. Nibiru’s Community Sale on CoinList witnessed overwhelming demand, selling out its initial allocation of $3M within 9 minutes and an additional $3M extension within 11 minutes. The sale attracted 42,713 registrants and over 5,000 purchasers of NIBI tokens.
Standing out for its innovative technology and user-centric approach, Nibiru Chain garnered support from key partners like Kraken Ventures, emphasizing its distinctive Layer 1 model and smart contract royalty mechanism. With impressive performance metrics including 40K transactions per second (TPS) and 1.4s block times, Nibiru Chain caters to developers across various sectors such as real-world assets (RWAs), gaming, and DeFi.
Looking ahead to 2024, Nibiru Chain aims to expand its ecosystem with initiatives like gamified engagement airdrops, integration with major liquidity centers, and flagship dApp launches. These developments mark significant milestones in Nibiru Chain’s journey towards becoming a leading platform for both users and developers in the blockchain space.
