TechFlow News — Derivatives protocol Nibiru Chain has raised $8.5 million in seed funding at a $100 million valuation, co-led by Tribe Capital, Republic Capital, NGC Ventures, and Original Capital. The funds will be used to build out its technology stack, team, and community.
Nibiru Chain plans to begin raising Series A funding later this year, targeting a valuation between $200 million and $250 million.
This summer, Nibiru plans to launch its partially algorithmic stablecoin NUSDC, along with its testnet. NUSDC will be collateralized by USDC and NIBI, Nibiru’s native token used for staking, utility, and governance.
Add to Favorites
Share to Social Media
