Nibiru Foundation Launches Venture Arm to Support Web3 Innovation

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

The Nibiru Foundation has officially launched Nibiru Ventures, a strategic initiative aimed at supporting blockchain projects that operate within the Nibiru ecosystem. Through financial backing and expert guidance, Nibiru Ventures seeks to foster the next wave of innovators and assist in bringing their applications to fruition.

While product and operational support are critical, founders consistently express a need for capital introductions and financial commitments. Whether aiming for multi-chain expansion or concentrating solely on Nibiru, the costs associated with product integration—such as developer time and salaries—are significant.

“Nibiru Ventures was established to address the challenges faced by dApp founders within our ecosystem and to broaden the range of services that Nibiru offers by providing upfront funding and comprehensive support to expedite their progress,” stated Jonathan Chang, COO of Nibiru Chain. Chang noted that Nibiru Ventures aims to alleviate the initial risks involved in integrating applications on a new chain while still aligning with Nibiru’s goals—without enforcing exclusivity to the chain. Additionally, the team provides assistance on areas such as company formation, pitching, fundraising, go-to-market strategies, and technical support.

Nibiru Ventures Investment Strategy

In the Web3 space, ideas are plentiful, but achieving widespread adoption depends on applications that provide real utility. Nibiru Ventures is dedicated to backing consumer-oriented applications that generate significant interest and engagement, as opposed to more abstract infrastructure projects.

The initiative typically invests in pre-seed and seed-stage funding rounds, prioritizing projects that can go to market quickly. Key investment areas include innovative decentralized exchanges (DEXs), lending solutions, derivatives, and vaults for structured products.

“For Nibiru Ventures, these sectors present particularly promising opportunities, aligning with historical adoption trends and successful models seen in Web2, while possessing a solid existing technological foundation,” explained Unique Divine, co-founder of Nibiru.

Among Nibiru Ventures’ noteworthy investments is LayerBank, a decentralized multi-chain lending platform poised to become a liquidity hub across EVM-compatible Layer 2 and rollup chains. With over $675 million in total value locked (TVL) and significant growth prospects, LayerBank is set to introduce cross-chain lending capabilities in Q4 2024, unifying fragmented liquidity across various Layer 2 solutions into a single pool.

For those interested in Nibiru Ventures and seeking funding, there is an application process available. Joining this initiative offers projects a chance to become part of a carefully selected portfolio. Nibiru Ventures actively seeks to collaborate with visionary founders and teams to promote positive growth within Web3.

About Nibiru

Nibiru Chain is a smart contract ecosystem featuring a high-performance, EVM-equivalent execution layer (Nibiru EVM). This blockchain has been constructed to meet the increasing demand for adaptable, scalable, and user-friendly Web3 applications. Nibiru has successfully secured $20.5 million through various strategic and seed funding rounds, with backing from notable investors.

For further inquiries or information, please contact Nibiru Chain directly.

This announcement was originally distributed by Chainwire.