Nibiru Chain Secures $12M For Its Developer-Focused L1 Blockchain

Nibiru Chain, a versatile layer 1 blockchain, has recently concluded its latest funding round, securing $12 million to propel its ambitious growth plans. Renowned for its breakthrough L1 blockchain and smart contract ecosystem, Nibiru Chain boasts unparalleled throughput and security features. The platform aims to stand out as the most developer-friendly and user-centric smart contract ecosystem, driving mainstream adoption of Web3 by innovating across various layers: dApp development, infrastructure, consensus mechanisms, comprehensive development toolkit, and value accrual strategies.

Venture investments were provided by prominent firms including Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital. Notably, Nibiru’s Community Sale on CoinList achieved remarkable success, selling out its initial $3M allocation in just 9 minutes, with an additional $3M extension selling out within 11 minutes. The sale garnered an overwhelming 842% in pre-funded excess interest, attracting 42,713 registrants and over 5,000 purchasers of the network’s staking and utility token, NIBI.

Nibiru Chain distinguishes itself through innovative technology and its focus on developer and user-centric principles, making it the preferred platform for developers prioritizing security and performance. With impressive metrics such as 40K transactions per second (TPS), 1.4s block times, and robust security measures, Nibiru Chain is versatile across various sectors including real-world assets (RWAs), gaming, and DeFi. Developers trust Nibiru Chain, leveraging CosmWasm smart contracts for enhanced security or the familiarity of the EVM.

Developers can take advantage of Nibiru’s “dev gas” royalty mechanism, ensuring a sustainable growth model in the long term. At its core, Nibiru Chain is committed to fostering an optimal environment for developers and users alike. In 2024, Nibiru Chain is focused on expanding its ecosystem through various initiatives such as a gamified engagement airdrop, integration with major liquidity centers, listing on top-tier centralized exchanges, implementing parallel optimistic execution, and achieving full EVM compatibility.

​This year marks the anticipated launch of Nibiru Chain’s flagship dApps including Nibi-Perps, Nibi-Swap, and NUSD, representing significant milestones in its journey towards a user and developer-centric platform.