Nibiru Chain Funding and Expansion Highlights:
1. Successful Funding Round:
- Nibiru Chain, a versatile layer 1 blockchain, secures $12 million in its latest funding round.
- Venture investments include contributions from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.
2. Community Sale Triumph:
- Nibiruâs Community Sale on CoinList sells out its initial $3 million allocation in just 9 minutes.
- An additional $3 million extension sells out within 11 minutes, with 842% in pre-funded excess interest.
- The sale attracts 42,713 registrants and over 5,000 purchasers of Nibiru's staking and utility token, NIBI.
3. Enthusiastic Partner Endorsements:
- Key partners express excitement and support for Nibiru's distinctive Layer 1 model.
- Brandon Gath from Kraken Ventures anticipates strong developer and user incentives through smart contract royalty mechanisms.
4. Technical Prowess:
- Nibiru Chain stands out with its innovative technology and user-centric approach.
- Impressive technical features include 40,000 transactions per second (TPS), 1.4-second block times, and robust security.
- Versatility extends to sectors such as real-world assets (RWAs), gaming, and DeFi.
5. Developer-Friendly Ecosystem:
- Nibiru Chain prioritizes a developer-friendly environment with a built-in dev toolkit, easy-to-use APIs, language SDKs, and a native oracle.
- Developers can leverage the "dev gas" royalty mechanism for sustainable long-term growth.
6. Upcoming Initiatives in 2024:
- Nibiru Chain sets sights on expanding the ecosystem with initiatives such as a gamified engagement airdrop, integration with major liquidity centers, and listings on top-tier exchanges.
- Plans include implementing parallel optimistic execution and achieving full EVM compatibility.
7. Flagship dApps Launch:
- Anticipated launch of Nibiru Chainâs flagship decentralized applications (dApps) in 2024, including Nibi-Perps, Nibi-Swap, and NUSD.
- Significant milestones in Nibiru Chainâs journey towards a user and developer-centric platform.
8. Investment and Backing:
- Nibiru Chain raises $50 million in Series A funding, led by Blockchain Capital, with participation from Finality Capital, Electric Capital, Polychain Capital, Hack VC, and Coinbase Ventures.
- Strong speculation about Nibiru's token being listed on Coinbase or Binance due to Coinbase Ventures' backing.
9. EVM Compatibility:
- Nibiru Chain aims for full Ethereum Virtual Machine (EVM) compatibility, enhancing its appeal to developers familiar with Ethereum.
10. Innovating at Every Layer:
- Nibiru Chain innovates at each layer of the technology stack, focusing on dApp development, infrastructure, consensus, and a comprehensive dev toolkit.
11. About Nibiru Chain:
- Positioned as a groundbreaking L1 blockchain and smart contract ecosystem, Nibiru aims to lead mainstream Web3 adoption.
- Prioritizes superior throughput, security, and a user-centric approach.
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