Layer-1 solution Nibiru Chain has unveiled its public mainnet, boasting an impressive throughput of 40,000 transactions per second. Backed by investors including Kraken Ventures, the blockchain network aims to expand its user base through parallel optimistic execution, enabling simultaneous processing of multiple independent transactions.
Nibiru Chain aims to rival Ethereum and Solana by offering a range of on-chain products such as non-fungible tokens (NFTs), gaming, real-world asset (RWA) tokenization, and decentralized finance (DeFi). Additionally, the platform is focusing on perpetual futures trading and its native stablecoin, NUSD. To support developers, Nibiru has released toolkits available in TypeScript, Golang, Python, and Rust.
Since its 2022 announcement, Nibiru has secured over $20 million from investors like Tribe Capital, Kraken Ventures, and Republic Capital. The project successfully sold out its initial allocation of $3 million in NIBI tokens via CoinList, attracting significant interest from over 40,000 registrants and more than 5,000 purchasers.