Nibiru Chain passed its funding round with strong participation from investors.
In a recent release on February 5, developer-focused layer 1 chain Nibiru Chain reportedly performed well in its funding round, raising approximately $12 million. The potential funding round saw significant participation from leading investors such as Kraken Ventures, NGC, Tribe Capital, Arkstream, Master Ventures, and Banter Capital.
words of wisdom
The funding has been raised in multiple rounds, but the positive is that the newly added capital will be fully invested in strengthening rapid growth. According to Nibiru Chain, “Nibiru is optimized for developers with a built-in development toolkit, easy-to-use API, language SDK, and native oracles. It delivers 40,000 TPS, 1.4 second block time, and strong security thanks to CosmWasm intelligent contracts. DeFi super application built with native oracle and data indexing capabilities, which can greatly reduce the technical selection difficulties of DeFi projects.
A Rain of Opportunities for Developers
Nibiru Chain offers features such as 40,000 transactions per second, smart contracts, and strong security. Apart from this, it helps in creating diversity related to real-world assets, De-Fi, gaming, etc. With that same new capital, the company is reducing industry challenges while also providing exciting opportunities for incumbents and developers.
The funding envisions rapid growth as a standard platform for the upcoming fourth generation of blockchain applications.