Nibiru Foundation Launches Venture Arm to Support Web3 Innovation

October 3, 2024

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Nibiru Foundation Launches Venture Arm to Support Web3 Innovation

Cayman Islands, Grand Cayman, October 2nd, 2024, Chainwire

The Nibiru Basis launches Nibiru Ventures, a strategic enterprise arm devoted to supporting blockchain initiatives constructing natively within the Nibiru ecosystem. Via funding and steerage, Nibiru Ventures will domesticate the subsequent technology of builders and assist convey their utility visions to market.

Product and operational help are very important, however capital introductions and commitments have emerged as essentially the most generally requested assets from founders constructing functions. Whether or not focusing on multi-chain enlargement or constructing solely on Nibiru, product integration comes with prices within the type of developer time and salaries spent.

“Nibiru Ventures was created to beat the challenges confronted by ecosystem dApp founders and increase the scope of the companies that Nibiru gives, providing upfront funding and broad help to speed up their journey,” says Nibiru Chain COO Jonathan Chang.

Chang emphasised that Nibiru Ventures hopes to mitigate the upfront danger related to integrating an utility to a brand new chain whereas guaranteeing alignment with Nibiru, and with out implementing chain exclusivity. On high of this, the crew provides steerage on entity formation, pitching, fundraising, go-to-market technique and technical help.

Nibiru Ventures Funding Technique

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Concepts are ample within the Web3 house, however the path to widespread adoption requires functions that ship tangible utility. Nibiru Ventures is concentrated on supporting consumer-facing functions that naturally drive significant curiosity and engagement, in distinction to extra esoteric infrastructure initiatives.

Typical investments deal with pre-seed and seed-stage rounds and precedence is given to these with shorter time-to-market. Key areas of focus embody pioneering fashions of decentralized exchanges (DEXs), lending, derivatives, and vaults for structured merchandise.

“For Nibiru Ventures, these sectors are thought-about notably promising because of their alignment with patterns of historic adoption, parallels to successes in Web2, and a stable base of current expertise to construct upon,” explains Nibiru co-founder, Distinctive Divine.

Thus far, considered one of Nibiru Ventures’ important investments was made in LayerBank, a decentralized multi-chain lending platform trying to change into a liquidity hub throughout EVM-compatible Layer 2 and rollup chains. With $675+ million USD in complete worth locked (TVL) and progress potential, LayerBank will introduce cross-chain lending performance in This autumn 2024. This innovation will consolidate fragmented liquidity throughout varied Layer 2s right into a unified liquidity pool.

To study extra concerning the utility course of for Nibiru Ventures and to use for funding, readers can go to the application form. By making use of, initiatives acquire the chance to affix a rigorously curated portfolio. Nibiru Ventures seeks to accomplice with forward-thinking founders and groups to drive optimistic progress in Web3.

About Nibiru

Nibiru Chain is a great contract ecosystem with a high-performance, EVM-equivalent execution layer (Nibiru EVM). The Nibiru blockchain is engineered to satisfy the rising demand for versatile, scalable, and easy-to-use Web3 functions. Having secured $20.5 million in strategic and seed funding rounds, Nibiru is backed by buyers, together with NGC Ventures, HashKey Capital, Kraken Ventures, and Tribe Capital.