Nibiru Chain Secures $12 Million to Fuel Developer-Focused L1 Blockchain

Nibiru Chain, a layer 1 blockchain, has successfully raised $12 million in its latest funding round from investors including Kraken Ventures and Master Ventures. The company's Community Sale on CoinList sold out its initial allocation of $3 million in just 9 minutes, with an additional $3 million extension selling out within 11 minutes. Nibiru Chain boasts 40,000 transactions per second and 1.4-second block times, making it a popular choice for developers prioritizing security and performance. The company plans to expand its ecosystem in 2024 with the launch of flagship dApps such as Nibi-Perps, Nibi-Swap, and NUSD.

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