Nibiru Chain, a groundbreaking layer-1 blockchain network, has made a significant announcement with the launch of its public mainnet, capable of handling an impressive 40,000 transactions per second. With a solid foundation of $12 million in funding from notable investors such as Kraken Ventures, Nibiru Chain is set to revolutionize the blockchain industry.
The platform’s main goal with the public mainnet launch is to expand its user base by leveraging parallel optimistic execution, enabling the simultaneous processing of multiple independent transactions. Nibiru Chain aims to position itself as a formidable competitor to established players like Ethereum and Solana by offering a diverse range of on-chain products, including non-fungible tokens (NFTs), gaming, real-world asset (RWA) tokenization, and decentralized finance (DeFi).
In addition to these offerings, Nibiru Chain is also focusing on innovative products like perpetual futures trading and its own stablecoin, NUSD. To support its ambitious plans, the Nibiru team has introduced toolkits in TypeScript, Golang, Python, and Rust to facilitate seamless development on the platform.
Since its inception in 2022, Nibiru has secured over $20 million in funding from leading investors such as Tribe Capital, Kraken Ventures, Republic Capital, ArkStream, Original Capital, and others. The project’s successful initial token sale on CoinList, which saw the allocation of $3 million in NIBI tokens, attracted significant interest from over 40,000 registrants and more than 5,000 purchasers.
As the blockchain industry continues to evolve, Nibiru Chain is poised to lead the charge with its innovative solutions and commitment to driving growth and adoption in the decentralized space. Stay updated on the latest developments by following us on Google News.