According to official news from Nibiru Chain, Layer 1 blockchain Nibiru Chain plans to launch its public mainnet in March. Earlier this year, Nibiru Chain announced the completion of a $12 million financing round in February.

Nibiru Chain, a layer 1 blockchain, has successfully raised $12 million in its latest funding round from investors including Kraken Ventures and Master Ventures. The company's Community Sale on CoinList sold out its initial allocation of $3 million in just 9 minutes, with an additional $3 million extension selling out within 11 minutes. Nibiru Chain boasts 40,000 transactions per second and 1.4-second block times, making it a popular choice for developers prioritizing security and performance. The company plans to expand its ecosystem in 2024 with the launch of flagship dApps such as Nibi-Perps, Nibi-Swap, and NUSD.

DeFi project Nibiru Chain announced the completion of a strategic round of financing with participation from Oddiyana Ventures. The specific investment amount has not been disclosed. It is reported that Nibiru Chain completed a seed round of financing of 8.5 million US dollars last year with a valuation of 100 million US dollars, with Tribe Capital, Republic Capital, NGC Ventures, and Original Capital jointly leading the investment.