Nibiru Chain, a Dallas, TX-based provider of a general-purpose layer 1 blockchain, raised $12M in funding.
The round saw participation from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.
The company intends to use the funds to accelerate Innovation and scalability.
Nibiru Chain is a provider of an L1 blockchain and smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, value accrual. Additionally, developers can leverage Nibiru’s “dev gas” royalty mechanism to ensure a sustainable model for long-term growth. At its core, Nibiru Chain is driven to create the optimal environment for developers and users.
Boasting 40K transactions per second (TPS), 1.4s block times, and security, Nibiru Chain’s versatility spans multiple sectors including real-world assets (RWAs), gaming, DeFi, and more. In 2024, the company is working on expanding the ecosystem. Key developments include several initiatives such as a gamified engagement airdrop, integration with major liquidity centers, listing on several top-tier centralized exchanges, implementing parallel optimistic execution, and achieving full EVM-compatibility.
FinSMEs
05/02/2024