Quick take:
- The announcement comes on the heels of Nibiru’s $12 million funding round from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital and others.
- Founded by former Google, J.P. Morgan, IBM, and Tendermint Vets, Nibiru Chain boasts processing speeds of over 40,000 transactions per second.
- The platform offers a comprehensive suite of developer tools for NFTs, gaming, real-world assets, and DeFi.
Nibiru Chain has launched in Mainnet to bring infinite scalability to the blockchain. The developer-focused layer-1 super chain uses high throughput and parallel optimistic execution mechanisms to solve scalability challenges.
According to the announcement, Nibiru Chain boasts processing speeds of over 40,000 transactions per second, which compares to leading dApp ecosystems like Ethereum, which have a processing capacity of 20-30 transactions per second, Nibiru says.
The company believes its high transaction speeds make it ideal for different decentralised apps including non-fungible tokens (NFTs), blockchain gaming and decentralised finance (DeFi).
Founded by former Google, J.P. Morgan, IBM, and Tendermint Vets, Nibiru recently raised $12 million in a funding round backed by Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital and others. The company also raised $8.5 million in a seed round announced in September 2022.
According to co-founders Unique Divine, Kevin Yang, and Jonathan Gimeno, they aim to make blockchain technology universally accessible and user-friendly.
To that end, Nibiru offers a toolkit that includes Web3 Software Development Kits (SDKs) that are available in modern programming languages like TypeScript, Golang, Python, and Rust.
The company also offers the Nibi-Indexer, which allows users to easily analyse on-chain data for smart contracts and transactions, while Nibi-Oracle allows validator operators to actively participate in oracle consensus voting.
Commenting on the mainnet launch, Unique Divine, Co-Founder and CEO at Nibiru Chain said in a statement: “Launching Nibiru Chain marks a significant stride toward bridging the gaps within the blockchain ecosystem. We recognize the barriers that have kept potential users at bay — from complex onboarding to opaque decision-making and a lack of affordability, scalability, and transparency.”
According to Divine, Nibiru is engineered to overcome these hurdles as it seeks to offer an intuitive, straightforward entry point into Web3 for users and developers.
The company credits its “incredible developer ecosystem” for its evolution into a super chain. “The team is excited to support and genuinely collaborate with Nibiru’s growing community of creators and builders,“ Divine added.
Nibiru Chain launched on Mainnet on March 12, 2024, at 8:00 AM UTC, which also marked the public listing of its native token NIBI on Bybit, Kucoin, Gate, and MEXC exchanges.
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