The Good Tech Companies - Nibiru Foundation Launches Venture Arm To Support Web3 Innovation

Episode Date: October 2, 2024

This story was originally published on HackerNoon at: https://hackernoon.com/nibiru-foundation-launches-venture-arm-to-support-web3-innovation. Through funding and guidance, Nibiru Ventures will cultivate the next generation of builders and help bring their application visions to market. Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #nibiru-chain, #chainwire, #press-release, #nibiru-chain-announcement, #blockchain-development, #crypto-funding, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Nibiru Foundation launches Nibiru Ventures, a strategic venture arm dedicated to supporting blockchain projects building natively in the Nibiru ecosystem. The team offers guidance on entity formation, pitching, fundraising, go-to-market strategy and technical assistance. By applying, projects gain the opportunity to join a carefully curated portfolio.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Nibiru Foundation launches Venture Arm to support Web3 innovation, by Chainwire. Cayman Islands, Grand Cayman, October 2, 2024, Chainwire. The Nibiru Foundation launches Nibiru Ventures, a strategic venture arm dedicated to supporting blockchain projects building natively in the Nibiru ecosystem. Through funding and guidance, Nibiru Ventures will cultivate the next generation of builders and help bring their application visions to market. Product and operational support are vital, but capital introductions and commitments have emerged as the most commonly requested resources from founders building applications. Whether targeting multi-chain expansion or

building exclusively on Nibiru, product integration comes with costs in the form of developer time and salaries spent. Greater than Nibiru Ventures was created to overcome the challenges faced by ecosystem greater than Dapp founders and expand the scope of the services that Nibiru provides, greater than offering upfront funding and broad support to accelerate their journey, says greater than Nibiru chain COO Jonathan chong chong emphasized that nibiru ventures hopes to mitigate the upfront risk associated with integrating an application to a new chain while ensuring alignment with nibiru and without enforcing chain exclusivity on top of this the team offers guidance on entity formation

pitching fundraising go-to-market strategy and technical assistance. Nibiru Ventures' investment strategy ideas are abundant in the Web3 space, but the path to widespread adoption requires applications that deliver tangible utility. Nibiru Ventures is focused on supporting consumer-facing applications that naturally drive meaningful interest and engagement, in contrast to more esoteric infrastructure projects. Typical investments focus on pre-seed and seed stage rounds and priority is given to those with shorter time to market. Key areas of focus include pioneering models of decentralized exchanges, DEXs, lending, derivatives, and vaults for structured products.

Greater than, for Nibiru Ventures, these sectors are considered particularly promising due greater than to their alignment with patterns of historical adoption, parallels to greater than successes in Web2, and a solid base of existing technology to build upon, greater than explains Nibiru co-founder, Unique Divine. To date, one of Nibiru Ventures' significant investments was made in Layer Bank, a decentralized multi-chain lending platform looking to become a liquidity hub across EVM-compatible Layer 2 and roll-up chains. With $675 plus million USD in total value locked, TVL, and growth potential, Layer Bank will introduce cross-chain lending functionality in Q4 2024.

This innovation will consolidate fragmented liquidity across various layer twos into a unified liquidity pool. To learn more about the application process for Nibiru Ventures and to apply for funding, readers can visit the application form. By applying, projects gain the opportunity to join a carefully curated portfolio. Nibiru Ventures seeks to partner with forward-thinking founders and teams to drive positive growth in Web3. About Nibiru Nibiru chain is a smart contract ecosystem with a high-performance, EVM-equivalent execution layer, Nibiru EVM. The Nibiru blockchain is engineered to meet the growing demand for versatile, scalable, and easy-to-use Web3

applications. Having secured $20.5 million in strategic and seed funding rounds, Nibiru is backed by investors, including NGC Ventures, Hashkey Capital, Kraken Ventures, and Tribe Capital. Contact Nibiru Chain Media at nibiru.org. Tip This story was distributed as a release by Chainwire under HackerNoon's business blogging program. Learn more about the program here. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.