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

Funding Secured for Ambitious Growth Phase

Nibiru Chain, a general-purpose layer one blockchain, has secured $12 million in funding to fuel its ambitious growth plans. Venture investments included contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.

Developer-Centric Platform with Built-In Dev Toolkit

Nibiru Chain stands out with its innovative technology and emphasis on developer and user-centricity. It offers a built-in dev toolkit, easy-to-use APIs, language SDKs, and a native oracle, making it the platform of choice for developers who prioritize security and performance.

Community Sale Success

Nibiru’s community sale on CoinList sold out its initial allocation of $3 million in nine minutes, with an additional $3 million extension selling out in 11 minutes. The sale attracted over 42,000 registrants and 5,000 purchasers of the network’s staking and utility token, NIBI.

Key Partners Express Enthusiasm

Brandon Gath, managing partner at Kraken Ventures, expressed support for Nibiru’s distinctive layer one model, which incentivizes developers and users through its smart contract royalty mechanism. Allen Su, general partner at ArkStream Capital, highlighted Nibiru’s integrated super applications, native oracle, and data-indexing as significant advantages for Web 3.0 projects.

2024 Roadmap: Expanding the Ecosystem

In 2024, Nibiru Chain plans to expand its ecosystem with 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.

About Nibiru Chain

Nibiru Chain is a layer one blockchain and smart contract ecosystem that aims to be the most developer-friendly and user-friendly platform. It innovates at each layer of the stack to lead the charge toward mainstream Web 3.0 adoption.


This article is sponsored and should be regarded as promotional material. The opinions and statements expressed herein are those of the author and do not reflect the opinions of FastPayCrypto. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups, or cryptocurrencies.