In Dallas, Texas on February 5th, 2024, Nibiru Chain, a versatile layer 1 blockchain, has successfully raised $12 million in funding from various venture investments. This includes contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.

Their Community Sale on CoinList sold out within minutes, with an impressive 842% in pre-funded excess interest and over 5,000 purchasers of their staking and utility token, NIBI. This demonstrates strong interest and support for Nibiru Chain.

The platform is focused on onboarding next-generation blockchain applications and has received praise for its innovative technology and user-centric approach. Partners such as Kraken Ventures and ArkStream have expressed their excitement for Nibiru’s distinctive Layer 1 model and its potential for maximum interoperability.

With a capacity of 40K transactions per second and 1.4s block times, Nibiru Chain offers high performance and security, making it an attractive choice for developers in various sectors such as real-world assets, gaming, and DeFi. Developers can also take advantage of Nibiru’s “dev gas” royalty mechanism for sustainable growth.

Looking ahead, Nibiru Chain has ambitious plans for 2024, including a gamified engagement airdrop, integration with major liquidity centers, and listings on top-tier centralized exchanges. They also aim to release flagship dApps such as Nibi-Perps, Nibi-Swap, and NUSD, marking significant milestones in their journey towards mainstream Web3 adoption.

Nibiru Chain is committed to creating a developer and user-friendly ecosystem, with a comprehensive dev toolkit and a focus on value accrual. To learn more, visit Nibiru.fi and follow them on social media. For media inquiries, please contact Nibiru Chain at [email protected]