Protocol Village: Nibiru Chain Reaches $12 Million in Funding

Nibiru Chain, a developer-focused Layer-1 chain, has successfully completed its funding round, attracting significant investment from various investors. The funding round, which took place on February 5, raised approximately $12 million. Notable investors that participated in the round include Kraken Ventures, NGC, Tribe Capital, Arkstream, Master Ventures, and Banter Capital.

The funding will be used to fuel the company’s rapid growth and development. Nibiru Chain aims to optimize its platform for developers by providing them with a built-in development toolkit, user-friendly APIs, language SDKs, and a native oracle. The platform boasts impressive features, including a transaction processing speed of 40,000 transactions per second, block times of 1.4 seconds, and robust security, thanks to its utilization of CosmWasm intelligent contracts. Additionally, Nibiru Chain offers built-in decentralized finance (DeFi) super applications, as well as native oracle and data-indexing functionalities, which greatly simplify the technical challenges faced by DeFi projects.

The capabilities of Nibiru Chain extend beyond its technical features. It also enables the generation of real-world assets, De-Fi solutions, gaming applications, and more. With the additional funding, the company aims to overcome industry challenges and create new opportunities for developers.

The recent funding round will accelerate Nibiru Chain’s growth and establish it as the leading platform for the next generation of blockchain applications.

Tags: funding