Public mainnet of Nibiru Chain, supported by Kraken, commences operation
Layer-1 blockchain network, Nibiru Chain, has recently unveiled its public mainnet, with an impressive capacity to process 40,000 transactions per second. The platform, which previously secured $12 million in funding from investors like Kraken Ventures, aims to expand its user base through the use of parallel optimistic execution, enabling the simultaneous processing of multiple independent transactions.
In the future, Nibiru Chain has plans to directly compete with Ethereum and Solana by offering a range of on-chain products, including non-fungible tokens (NFTs), gaming, real-world asset (RWA) tokenization, and decentralized finance (defi). Additionally, the blockchain intends to focus on perpetual futures trading and the creation of its own stablecoin, known as NUSD. To support these initiatives, the Nibiru team has also released toolkits in TypeScript, Golang, Python, and Rust.
Since its announcement in 2022, Nibiru has successfully raised over $20 million in funding from various investors, such as Tribe Capital, Kraken Ventures, Republic Capital, ArkStream, Original Capital, and others. The project also saw strong demand for its NIBI tokens, selling out its initial allocation of $3 million via CoinList. This resulted in over 40,000 registrants and more than 5,000 purchasers.
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