Nibiru Chain, a Layer-1 blockchain network backed by Kraken Ventures and other significant investors, has officially launched its public mainnet. This pivotal development positions Nibiru Chain as a formidable contender in the blockchain sphere, boasting an impressive capability of processing 40,000 transactions per second. This launch marks a significant milestone in the platform’s ambition to enhance user experience and scalability in the blockchain ecosystem.
Aiming for High Scalability and User-Friendly Experience
With the public mainnet going live, Nibiru Chain sets its sights on addressing the common barriers deterring potential users from embracing blockchain technology. According to Unique Divine, co-founder and CEO of Nibiru Chain, the network is designed to overcome challenges such as complex onboarding processes, lack of affordability, and issues with scalability and transparency. By implementing parallel optimistic execution, Nibiru Chain can process multiple independent transactions simultaneously, significantly enhancing the platform’s efficiency and user accessibility.
Introducing Diverse On-Chain Products
Nibiru Chain’s strategic vision extends beyond mere transaction processing; it aspires to rival established blockchain networks like Ethereum and Solana. The platform plans to offer a wide array of on-chain products, including non-fungible tokens (NFTs), gaming, real-world asset (RWA) tokenization, decentralized finance (defi), perpetual futures trading, and its own stablecoin, NUSD. To support developers and users, Nibiru has also released comprehensive toolkits in multiple programming languages, including TypeScript, Golang, Python, and Rust.
Fundraising Success and Community Engagement
Since its announcement in 2022, Nibiru Chain has successfully raised over $20 million from a diverse group of investors, showcasing strong market confidence in its potential. The project’s initial allocation of $3 million in NIBI tokens sold out rapidly on CoinList, drawing more than 40,000 registrants and over 5,000 purchasers. This enthusiastic reception underscores the community’s anticipation and support for Nibiru Chain’s innovative approach to blockchain technology.
