You can check the website statistics yourself or request them from us at [email protected]
On this platform, only organic high-quality traffic
Bitcoin
$ 30,725

Tribe Capital-Backed Nibiru Chain Allocates Over $15M in Developer Grants

Nibiru Chain, backed by HashKey, Kraken Ventures, and Tribe Capital, is rolling out a $15 million grant program aimed at supporting developers, particularly those targeting the Asian market.

Dubbed the “Nibiru Builder Grants,” this initiative is strategically designed to bolster the capabilities of the blockchain platform. Nibiru Chain, a smart contract platform, boasts support from prominent investors such as HashKey, Kraken Ventures, and Tribe Capital.

The initiative plans to distribute long-term grants exceeding $15 million in the form of tokens (NIBI), amounting to around 2.5% of the total supply, to innovative developers.

“Erick Pinos, Ecosystem Lead, expressed excitement about Nibiru’s commitment to backing the developer community, empowering them to drive positive transformations in the realm of Web3,” said a press release.

Pinos elaborated, “In addition to financial support, the grants initiative will provide ongoing assistance through partnerships, mentorship opportunities, and access to industry experts and seasoned developers. Furthermore, this initiative underscores Nibiru’s commitment to promoting ecosystem projects by offering dedicated marketing assistance.”

Nibiru’s Focus on Asian Market

As part of the initiative, there’s a dedicated allocation of $5 million in grants specifically aimed at projects in Asia.

Brandon Suzuki, Head of Growth, expressed excitement about this long-term initiative, highlighting its focus on bolstering the developer ecosystem in the Asia region. Suzuki emphasized the importance of engaging Asia-based developers in growth and community efforts.

He also mentioned that the grants initiative will incorporate KPI-based milestones to ensure alignment of interests between the broader network and the grant recipients, thereby providing further fuel for acceleration.

More Rewards Initiatives Underway

Additionally, the network will host regular hackathons with prize pools of up to $100,000, aimed at nurturing innovation across different dApp categories such as tokenization of real-world assets, web3 gaming, DeFi, and SocialFi.

Moreover, Nibiru is introducing a new reward mechanism enabling developers to earn a portion of transaction fees each time their smart contracts are executed. Simultaneously, a bounty system will be established for developers who fulfill protocol requests for proposals (RFPs).

Related Posts

Leave a Reply

Confirm now and stay with our news

What we write about

I want to save money. Will cryptocurrency work?

Cryptocurrency is essentially virtual money that operates in a decentralized manner, not through a bank but directly on multiple independent computers.

Every cryptocurrency has two main components: the units of digital exchange called “coins” and the network within which the exchange takes place. These units can be transferred between wallets and exchanged on exchanges. The networks in which these coins exist are called blockchains, which translates to “chains of blocks.”

Latest Articles

Azuro Protocol Partners With zkSync Hyperchain Sophon
30.05.2024By
PayPal’s PYUSD Stablecoin on Solana Introduces ‘Confidential Transfers’ for Enhanced Privacy
30.05.2024By
Former Consensys Employee Launches Stablecoin ‘USD3’
30.05.2024By

Latest news

Azuro Protocol Partners With zkSync Hyperchain Sophon
30.05.2024
PayPal’s PYUSD Stablecoin on Solana Introduces ‘Confidential Transfers’ for Enhanced Privacy
30.05.2024
Former Consensys Employee Launches Stablecoin ‘USD3’
30.05.2024
NFTs are Highly Susceptible to Fraud and Scams: US Treasury Report
30.05.2024
Ethereum ETF Approval Was a Political Decision, Says Bloomberg Analyst James Seyffart
30.05.2024
Joint Global Tax Group Issue Crypto Risk Indicators to Financial Institutions
30.05.2024
Judge Throws Out DEBT Box Case, Orders SEC to Pay $1.8M
29.05.2024
Canada Warns of Rising Pig Butchering and Crypto Investment Scams
29.05.2024
Iggy Azalea’s MOTHER Memecoin Hit With Insider Activity Claims After Alleged Sahil Arora Scam
29.05.2024
DeFi Data Firm API3 Raises $4M in Funding Round Led by DWF Labs
29.05.2024