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

The world of decentralized finance (DeFi) is rapidly growing, and we continue to hear news of companies securing funding to build their platforms. One such company is Nibiru Chain, which recently announced the completion of a seed round financing of $8.5 million with a valuation of $100 million. In this article, we will talk about Nibiru Chain, DeFi, and the specifics of this announcement.

What is DeFi and Nibiru Chain?

DeFi is a growing sector of the cryptocurrency industry that aims to use blockchain technology to create an open, transparent, and decentralized financial system. There are different aspects to DeFi, including stablecoins, decentralized exchanges, lending and borrowing platforms, among others.
Nibiru Chain is a new DeFi project founded by a team of blockchain veterans with experience from companies such as Alibaba, Tencent, and Bitmain. The project aims to provide a decentralized data network using the power of blockchain technology. The platform will allow secure and transparent data sharing between different parties, which could potentially disrupt many centralized data providers.

The Seed Round Financing of Nibiru Chain

On April 5th, Nibiru Chain announced the completion of a seed round financing of $8.5 million. The investors participating in the round were Tribe Capital, Republic Capital, NGC Ventures, and Original Capital.

The Valuation of Nibiru Chain

Nibiru Chain’s valuation after the seed round financing is $100 million. This is quite impressive for a new DeFi project that has yet to launch a working product. It’s a testament to the potential that investors see in the project, the team, and the technology behind it.

The Investors of Nibiru Chain

Tribe Capital, one of the lead investors in Nibiru Chain, is a venture capital firm that focuses on companies using blockchain technology. They have invested in companies such as Coinbase, Chainalysis, and Solana, among others. Republic Capital is an early-stage investment firm focused on blockchain, while NGC Ventures is a blockchain investment firm that has invested in companies like BitMax and Ankr. Finally, Original Capital is an investment firm focused on early-stage tech startups.

Technology Stack Establishment

The seed round financing will help Nibiru Chain build its technology stack. This is a crucial aspect of any blockchain project, as it forms the backbone of the entire platform. With a strong, stable, and secure technology stack, Nibiru Chain will be able to provide a reliable and robust data-sharing platform for its users.

Team Building

Another crucial aspect of any blockchain project is the team behind it. Nibiru Chain has a team of experienced blockchain veterans who have worked at companies such as Alibaba, Tencent, and Bitmain. With their experience and know-how, the team can lead Nibiru Chain to success.

Community Building

Finally, Nibiru Chain will use the seed round financing to build its community. In the DeFi industry, having a strong community is essential for the success of any project. A vibrant and engaged community can help spread the word about the project, provide feedback, and even contribute to its development.

Conclusion

In conclusion, Nibiru Chain’s seed round financing of $8.5 million with a valuation of $100 million is a significant milestone for the company. It’s a testament to the potential of the project, the team, and the technology behind it. Nibiru Chain’s goal of creating a decentralized data network using blockchain technology is ambitious, but if successful, it could potentially disrupt the centralized data industry. With the seed round financing, the company can now build its technology stack, team, and community, and take the first steps towards achieving its goals.

FAQs

Q1. What is DeFi?

DeFi stands for decentralized finance, which aims to use blockchain technology to create an open, transparent, and decentralized financial system.

Q2. Who are the investors in Nibiru Chain’s seed round financing?

The lead investors in Nibiru Chain’s seed round financing were Tribe Capital, Republic Capital, NGC Ventures, and Original Capital.

Q3. What is Nibiru Chain’s goal?

Nibiru Chain’s goal is to provide a decentralized data network using the power of blockchain technology, allowing secure and transparent data sharing between different parties.

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