L1 blockchain Nibiru Chain has raised $12 million in a new funding round, with participation from Kraken Ventures and others.

TechFlow News, L1 blockchain Nibiru Chain has completed a new round of financing worth $12 million, with participation from Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, Tribe Capital, and Banter Capital.

In 2024, Nibiru Chain aims to expand its ecosystem through a series of key initiatives, including gamified participation airdrops, integration with major liquidity hubs, listings on multiple top-tier centralized exchanges, implementation of parallel optimistic execution, and achieving full EVM compatibility. This year will mark the anticipated launch of Nibiru Chain's flagship dApps such as Nibi-Perps, Nibi-Swap, and NUSD.