As a seasoned crypto investor with roots tracing back to the early days of Bitcoin, I’ve witnessed the evolution of blockchain technology from a niche interest to a global phenomenon. The announcement of Nibiru Ventures by the Nibiru Foundation is an exciting development that aligns perfectly with my investment philosophy.
Cayman Islands, Grand Cayman, October 2nd, 2024, Chainwire
The Nibiru Foundation introduces Nibiru Ventures, a specialized division focused on backing blockchain initiatives that develop within the Nibiru environment. By providing financial resources and mentorship, Nibiru Ventures aims to nurture upcoming developers and assist them in turning their app concepts into reality.
For startup founders developing apps, resources such as product and operational support are essential. However, it’s capital introductions and commitments that have become the most frequently sought-after assets. Regardless if the goal is to expand across multiple blockchains or focus solely on Nibiru, integrating products often incurs costs associated with developer hours and salaries.
According to Nibiru Chain’s COO, Jonathan Chang, Nibiru Ventures was established with the purpose of addressing the hurdles confronted by founders of decentralized applications (dApps) within ecosystems and extending the range of support that Nibiru offers. This includes providing initial financing and comprehensive assistance to help these founders progress more quickly.
Chang highlighted that Nibiru Ventures aims to minimize the initial risk involved in linking an application to a novel blockchain, all while maintaining compatibility with Nibiru’s vision. Importantly, this doesn’t involve restricting partnerships to a single chain. In addition, they provide counsel on company setup, pitch development, fundraising strategies, market entry tactics, and technical support.
Nibiru Ventures Investment Strategy
In the realm of Web3, there’s no shortage of innovative ideas. However, what we truly need for widespread adoption is not just ideas, but practical applications that offer real-world benefits. Nibiru Ventures is committed to backing consumer-oriented apps that spark genuine curiosity and involvement, differing from more abstract infrastructure projects.
Common investments often concentrate on early stages such as pre-seed and seed funding, with a preference for projects that can quickly enter the market. Areas of interest primarily revolve around innovative approaches to decentralized exchange platforms (DEXs), lending services, derivative trading, and safekeeping solutions for complex financial products (structured products).
According to Nibiru Ventures’ co-founder, Unique Divine, these sectors are seen as particularly promising because they align with historical adoption trends, mirror the achievements in Web2, and have a strong foundation of existing technology that can be utilized for further development, he elaborates.
So far, one of Nibiru Ventures’ notable investments has been directed towards LayerBank, a versatile multi-chain lending platform aiming to establish itself as a central hub for liquidity on EVM-compatible Layer 2 and rollup networks. Currently holding over $675 million USD in total value locked (TVL) and showing promising growth prospects, LayerBank is scheduled to introduce cross-chain lending capabilities by the end of Q4 2024. This development aims to gather scattered liquidity across various Layer 2s into a single, unified pool.
To delve deeper into the process of applying for financing from Nibiru Ventures and to submit your application, readers are invited to access our application form. By submitting an application, your project stands a chance to be included in our meticulously selected portfolio. Nibiru Ventures is on the lookout for innovative founders and teams who are spearheading progress in the Web3 sector, with the aim of fostering constructive growth.
About Nibiru
The Nibiru Chain represents a system of intelligent contracts, powered by a high-performance execution layer similar to Ethereum VM (Nibiru EVM). This blockchain has been designed to cater to the increasing need for flexible, scalable, and user-friendly Web3 applications. With an investment of $20.5 million from strategic and seed funding rounds, Nibiru boasts support from notable investors such as NGC Ventures, HashKey Capital, Kraken Ventures, and Tribe Capital.
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2024-10-02 17:10