TX-based Nibiru Chain secures $12million in funding. Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital were among the investors who took part in the round.
The funding will be used by the company to speed up innovation and scalability. Nibiru Chain is a provider of an L1 blockchain and smart contract ecosystem that is driving the mainstream adoption of Web3 by innovating at every stage of the development process, including value accrual, consensus, dApp development, infrastructure, and a comprehensive dev toolkit.
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Furthermore, Nibiru’s “dev gas” royalty mechanism can be utilized by developers to guarantee a long-term growth model that is sustainable. Nibiru Chain’s primary goal is to establish the best possible environment for consumers and developers.
With 40K transactions per second (TPS), 1.4 second block timings, and security, Nibiru Chain is a versatile blockchain that may be used in a variety of industries, such as gaming, DeFi, real-world assets (RWAs), and more. The company’s goal for 2024 is to grow the ecosystem.
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Several initiatives, including a gamified engagement airdrop, full EVM compatibility, listing on multiple prestigious centralized exchanges, integration with significant liquidity hubs, and parallel optimistic execution are among the noteworthy advancements.
About Nibiru
Nibiru Chain is an innovative L1 blockchain and smart contract ecosystem with unmatched security and throughput. Nibiru wants to be the most user-friendly and developer-friendly smart contract environment, driving the revolution in Web3 adoption by introducing innovations at every stage of the process: value accrual, dApp creation, infrastructural advancements, consensus, and a full development toolkit.
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