The Launch of Nibiru Ventures: A Game-Changer in the Blockchain World
Cayman Islands, Grand Cayman, October 2nd, 2024 – The Nibiru Foundation has officially announced the creation of Nibiru Ventures, a strategic venture arm aimed at supporting blockchain projects that are building natively within the Nibiru ecosystem. This exciting development marks a significant step towards nurturing the next generation of builders and helping them bring their application visions to fruition.
The Mission of Nibiru Ventures
Product and operational support are crucial for any startup, but when it comes to blockchain projects, funding and guidance are often the most sought-after resources by founders. Whether these founders are looking to expand across multiple chains or focus exclusively on Nibiru, integrating their products comes with significant costs in terms of developer time and salaries.
“Nibiru Ventures was established to address the challenges faced by ecosystem dApp founders and to broaden the range of services offered by Nibiru. We provide upfront funding and comprehensive support to expedite their journey,” says Jonathan Chang, the COO of Nibiru Chain.
Chang emphasizes that Nibiru Ventures aims to reduce the initial risks associated with integrating applications onto a new chain while ensuring alignment with Nibiru’s goals, all without mandating chain exclusivity. Additionally, the team provides guidance on entity formation, pitching, fundraising, go-to-market strategy, and technical assistance.
Nibiru Ventures Investment Strategy
Ideas are plentiful in the Web3 space, but achieving widespread adoption requires applications that offer tangible utility. Nibiru Ventures focuses on supporting consumer-facing applications that naturally generate significant interest and engagement, as opposed to more complex infrastructure projects.
When it comes to investments, Nibiru Ventures typically targets pre-seed and seed-stage rounds, giving priority to projects with shorter time-to-market. The key areas of focus include decentralized exchanges (DEXs), lending platforms, derivatives, and vaults for structured products.
“We believe that these sectors hold immense promise due to their alignment with historical adoption patterns, similarities to successful Web2 ventures, and a strong foundation of existing technology to build upon,” explains Unique Divine, co-founder of Nibiru.
One of Nibiru Ventures’ notable investments is in LayerBank, a decentralized multi-chain lending platform that aims to become a liquidity hub across EVM-compatible Layer 2 and rollup chains. With over $675 million USD in total value locked (TVL) and significant growth potential, LayerBank is set to introduce cross-chain lending functionality in Q4 2024, consolidating liquidity across various Layer 2 chains into a unified pool.
For more information on the application process for Nibiru Ventures and to apply for funding, interested parties can visit the application form. By applying, projects have the opportunity to become part of a carefully curated portfolio, as Nibiru Ventures seeks to collaborate with forward-thinking founders and teams to drive positive growth in Web3.
About Nibiru
Nibiru Chain is a smart contract ecosystem featuring a high-performance, EVM-equivalent execution layer known as Nibiru EVM. Engineered to meet the increasing demand for versatile, scalable, and user-friendly Web3 applications, the Nibiru blockchain has secured $20.5 million in strategic and seed funding rounds. Investors backing Nibiru include NGC Ventures, HashKey Capital, Kraken Ventures, and Tribe Capital.
Contact Nibiru Chain: media@nibiru.org
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Analysis:
The launch of Nibiru Ventures signifies a major advancement in the blockchain world, offering crucial support and funding to projects building within the Nibiru ecosystem. By focusing on consumer-facing applications and key sectors like decentralized exchanges and lending platforms, Nibiru Ventures aims to drive innovation and adoption in Web3.
Through strategic investments and comprehensive guidance, Nibiru Ventures not only accelerates the growth of promising projects but also fosters collaboration with forward-thinking founders and teams. This approach not only benefits the projects involved but also contributes to the overall development and expansion of the Web3 landscape.