Nibiru Chain Raises $12 Million in Funding, Prepares for Rapid Expansion

Nibiru Chain, a Layer-1 chain that focuses on developers, has successfully raised $12 million in its recent funding round. This achievement has received support from prominent investors such as Kraken Ventures, NGC, Tribe Capital, Arkstream, Master Ventures, and Banter Capital.

The funding round concluded on a positive note, with Nibiru Chain securing $12 million. This injection of capital will fuel the platform’s rapid expansion, demonstrating a strong commitment to growth and innovation.

Nibiru Chain caters to developers by providing a built-in dev toolkit, user-friendly APIs, language SDKs, and a native oracle. It offers impressive features such as 40,000 transactions per second (TPS), quick 1.4-second block times, and robust security through CosmWasm intelligent contracts. Its built-in DeFi super applications, native Oracle, and data-indexing functionalities also simplify the technical selection process for DeFi projects.

In addition to its exceptional transaction capabilities and security features, Nibiru Chain excels in handling real-world assets, De-Fi, gaming, and more. The infusion of fresh capital positions the company to overcome industry challenges and explore exciting opportunities for stakeholders and developers.

With the newly acquired funding, Nibiru Chain aims to establish itself as the leading platform for the next generation of blockchain applications. The company’s commitment to rapid growth reflects its ambition to shape the future of blockchain technology.

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