Nibiru Chain Raises $8.5 Million in Seed Round Funding

On April 5th, it was announced that the DeFi agreement, Nibiru Chain, had completed a seed round financing of $8.5 million with a valuation of $100 million, led by Tribe Capital, Republic Capital, NGC Ventures, and Original Capital. This round of funding will help establish a technology stack, team, and community.

DeFi agreement Nibiru Chain completes $8.5 million seed round financing

Introduction

On April 5th, 2021, Nibiru Chain, a Decentralized Finance (DeFi) agreement, announced that it had raised $8.5 million in seed round financing, with a valuation of $100 million. This funding round was led by Tribe Capital, Republic Capital, NGC Ventures, and Original Capital, and is expected to contribute towards establishing the technology stack, team, and community for Nibiru Chain.

What is Nibiru Chain?

Before delving deeper into the funding round, it’s essential to understand what Nibiru Chain is. Nibiru Chain is a DeFi agreement that aims to establish a decentralized, open-source ecosystem for the gaming industry. The platform will offer various services such as asset trading, transactions, and governance, and will allow users to interact with gaming companies and other application developers directly.

Key Points of the Seed Round Funding

The seed round financing will be instrumental in establishing the foundation of Nibiru Chain. Let’s take a closer look at the key points:

Amount Raised

Nibiru Chain was able to secure $8.5 million in seed round financing from a group of well-regarded investors in the nascent DeFi space. The funding will primarily go towards establishing the infrastructure of Nibiru Chain, including operations, marketing, and recruitment.

Valuation

Following the seed round financing, Nibiru Chain is now valued at $100 million. This is a remarkable achievement within the DeFi industry and underlines the immense demand for the gaming metaverse.

Leading Investors

The seed round financing was led by four renowned investors in the DeFi realm. Tribe Capital, Republic Capital, NGC Ventures, and Original Capital came together to invest in Nibiru Chain, emphasizing the company’s potential for growth and capacity to revolutionize the gaming industry.

The Significance of Nibiru Chain’s Seed Round Funding

The seed round financing is expected to be a significant milestone for Nibiru Chain, as it will enable the platform to build a strong technology stack, recruitment of experienced personnel, and building Nibiru Chain’s community. With the funding, Nibiru Chain can lay a strong foundation in the DeFi ecosystem.

Conclusion

The seed round financing that Nibiru Chain secured is a great accomplishment for the DeFi agreement, and it has brought enormous value to the company. With the funding, Nibiru Chain can push forward with its goal of creating a decentralized ecosystem that empowers developers and gamers alike. Looking into the future, the DeFi space will remain dynamic, and new innovations will continue to surface.

FAQs

1. What is Nibiru Chain?
Nibiru Chain is a Decentralized Finance agreement that aims to establish a decentralized, open-source ecosystem for the gaming industry.
2. Who Led Nibiru Chain’s Seed Round Funding?
The funding round was led by four well-renowned investors, including Tribe Capital, Republic Capital, NGC Ventures, and Original Capital.
3. How Much Funding Did Nibiru Chain Secure in the Seed Round Financing?
Nibiru Chain secured $8.5 million in seed round financing from investors.