Nibiru Chain, a layer-1 blockchain network that secured $12 million in funding from investors like Kraken Ventures, has officially launched its public mainnet. The platform aims to process an impressive 40,000 transactions per second, setting its sights on expanding its user base.

According to a recent press release, Nibiru Chain is leveraging parallel optimistic execution to enable simultaneous processing of multiple independent transactions. This approach is designed to address common barriers to entry in the blockchain space, such as complex onboarding processes, lack of transparency, scalability, and affordability.

“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.”

– Unique Divine, Co-founder and CEO at Nibiru Chain

Looking ahead, Nibiru Chain has ambitious plans to compete with established players like Ethereum and Solana by offering a diverse range of on-chain products. These include non-fungible tokens (NFTs), gaming, real-world asset (RWA) tokenization, and decentralized finance (DeFi) solutions. The blockchain network is also introducing products like perpetual futures trading and its stablecoin, NUSD.

As part of the mainnet launch, Nibiru Chain has unveiled toolkits in TypeScript, Golang, Python, and Rust to support developers in building on its platform. Since its inception in 2022, the project has raised over $20 million from investors such as Tribe Capital, Republic Capital, ArkStream, and Original Capital.

In addition, Nibiru Chain successfully sold out its initial allocation of $3 million in NIBI tokens via CoinList, attracting significant interest from over 40,000 registrants and more than 5,000 purchasers.

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