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Nibiru Foundation Boosts Web3 Innovation with New Venture Arm
Reinout te Brake | 02 Oct 2024 15:39 UTC
The Launch of Nibiru Ventures: A game-Changer in the blockchain Industry
The Nibiru Foundation recently made waves in the blockchain industry with the launch of its investment arm, Nibiru Ventures, dedicated to supporting the Development of the layer 1 blockchain Nibiru Chain. This strategic move aims to address the challenges faced by ecosystem dapp founders and expand the range of services offered by Nibiru.
Strategic Approach of Nibiru Ventures
Nibiru Ventures is set to invest in pre-seed and seed-stage rounds with a focus on Decentralized finance (DeFi) and real-world asset projects. These include DecentralizedExchanges (DEXs), lending and derivatives projects, and vaults for structured products. According to Nibiru co-founder Unique Divine, these project categories show great promise due to historical Adoption patterns, parallels to Web2 successes, and a solid foundation of existing Technology.
Moreover, Nibiru Ventures will prioritize consumer-facing applications with real-world utility rather than focusing solely on infrastructure projects. The goal is to provide a shorter time to Market for projects and reduce the initial risks associated with integrating with a new blockchain like Nibiru Chain.
Since its mainnet launch in March 2024, Nibiru Chain has been gaining momentum, offering a Smart contract ecosystem built on a unique layer-1 blockchain that combines elements of Wasm and Ethereum. Notably, Nibiru Chain features a high-speed EthereumVirtual Machine (EVM) execution environment, set to go live on mainnet by the end of the year.
Nibiru Ventures has already made significant Investments, including supporting Decentralized lending platform LayerBank. With approximately $675 million in total value locked (TVL), LayerBank is planning to offer cross-Chain lending functionality by Q4 2024, serving as a liquidity hub across various EVM-compatible layer 2 and rollup chains.
Jonathan Chang, COO of Nibiru Chain, expressed hopes that Nibiru Ventures' strategic guidance and resources will help teams navigate the complexities of integrating their applications with Nibiru Chain, regardless of their multi-Chain expansion Strategies.
Additionally, Nibiru Ventures is open to supporting emerging web3 applications and invites projects to apply for funding through their platform. By providing active support and resources, Nibiru Ventures aims to foster Innovation in the blockchain space and drive the Adoption of Decentralized technologies.
Future Outlook
As Nibiru Ventures continues to make strategic Investments and offer guidance to ecosystem builders, the impact of its initiatives on the blockchain industry remains to be seen. With a focus on supporting promising projects in DeFi and real-world asset sectors, Nibiru Ventures is poised to Play a significant role in shaping the future of Decentralized finance and blockchainTechnology.
Stay tuned for more updates and developments from Nibiru Ventures as they pave the way for Innovation and Growth in the blockchain ecosystem.