The Nibiru Foundation Launches Nibiru Ventures: Fueling Innovation in the blockchain Space
In a significant move towards fostering Innovation within the blockchain ecosystem, the Nibiru Foundation has unveiled Nibiru Ventures. This strategic venture arm is dedicated to providing crucial support to blockchain projects that are focused on building within the Nibiru ecosystem. With a focus on offering funding and guidance, Nibiru Ventures aims to nurture the next generation of builders and facilitate the realization of their application visions in the Market.
While product and operational support are essential elements for any project, founders often find themselves in need of capital introductions and commitments to propel their initiatives forward. Whether the goal is multi-Chain expansion or exclusive Development on the Nibiru platform, the integration of products comes with its own set of costs, such as developer time and associated salaries.
“Nibiru Ventures was created to address the challenges faced by ecosystem dApp founders and expand the suite of services that Nibiru offers, providing upfront funding and comprehensive support to expedite their journey,” stated Jonathan Chang, COO of Nibiru Chain.
Chang emphasized the importance of mitigating upfront risks associated with integrating applications onto new chains while ensuring alignment with the Nibiru ecosystem without enforcing exclusivity. Additionally, the venture arm provides guidance on entity formation, pitching Strategies, fundraising, go-to-Market plans, and technical assistance.
Nibiru Ventures investment Strategy
In the world of web3, ideas abound, but the key to widespread Adoption lies in the Creation of applications that offer tangible utility. Nibiru Ventures is strategically focused on upholding consumer-facing applications that naturally attract significant interest and engagement, as opposed to more technical infrastructure projects.
The typical Investments made by Nibiru Ventures concentrate on pre-seed and seed-stage rounds, with a preference for projects that boast shorter time-to-Market cycles. The venture arm prioritizes sectors such as Decentralized Exchanges (DEXs), lending Platforms, derivatives, and vaults for structured products.
“For Nibiru Ventures, these sectors hold promise due to their alignment with historical Adoption trends, similarities to successes in Web2, and the strong foundation of existing Technology that can be leveraged,” explained Unique Divine, co-founder of Nibiru.
One of the notable Investments made by Nibiru Ventures has been in LayerBank, a Decentralized multi-Chain lending platform with aspirations to become a liquidity hub across EVM-compatible Layer 2 and rollup chains. With over $675 million USD in total value locked (TVL) and promising Growth opportunities, LayerBank is set to introduce cross-Chain lending functionality in Q4 2024, consolidating liquidity across various Layer 2 Solutions into a unified pool.
For those interested in exploring the application process for Nibiru Ventures and seeking funding, an application form is available for submission. By applying, projects have the opportunity to join a carefully curated portfolio as Nibiru Ventures seeks to collaborate with visionary founders and teams to drive positive Growth in the web3 ecosystem.
About Nibiru
Nibiru Chain stands as a Smart contract ecosystem that features a high-performance, EVM-equivalent execution layer known as Nibiru EVM. Engineered to meet the escalating demand for versatile, scalable, and user-friendly web3 applications, the Nibiru blockchain has garnered substantial support through strategic and seed funding rounds, securing Investments from prominent entities like NGC Ventures, HashKey Capital, Kraken Ventures, and Tribe Capital.
Contact
Nibiru Chain
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