Layer-1 solution Nibiru Chain has announced the launch of its public mainnet, boasting 40,000 transactions per second.
Aiming to perform 40,000 transactions per second, layer-1 blockchain network Nibiru Chain, which earlier secured $12 million from investors like Kraken Ventures, has launched its public mainnet.
The platform hopes to increase its user base by utilizing parallel optimistic execution, enabling it to handle several separate transactions simultaneously, according to a press release. Nibiru Chain’s co-founder and CEO, Unique Divine, said:
“We recognize the barriers that have kept potential users at bay — from complex onboarding to opaque decision-making and a lack of affordability, scalability, and transparency.”
Nibiru intends to eventually compete with Ethereum and Solana by providing a variety of on-chain goods, including decentralized finance (defi), gaming, real-world asset (RWA) tokenization, and non-fungible tokens (NFTs).
Additionally, the blockchain is putting more effort into its own stablecoin, named NUSD, and perpetual futures trading services. The Nibiru team also released toolkits in TypeScript, Golang, Python, and Rust during the launch.
Nibiru has raised more than $20 million from various investors, including Tribe Capital, Kraken Ventures, Republic Capital, ArkStream, Original Capital, and others, since its introduction in 2022.
Through CoinList, the initiative also sold out of the $3 million in NIBI tokens that were initially allocated, drawing in over 40,000 registrants and 5,000 buyers.
