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Nibiru Chain Secures $8.5 Million Seed Round Funding with $100 Million Valuation

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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, R

Nibiru Chain Secures $8.5 Million Seed Round Funding with $100 Million Valuation

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

On April 5th, 2021, Nibiru Chain announced its completion of seed round financing with a total of $8.5 million in investment. The investment was led by Tribe Capital, Republic Capital, NGC Ventures, and Original Capital with a valuation of $100 million. In this article, we will take a closer look at Nibiru Chain and how this round of funding will assist the company in establishing its technology, team, and community.

What is Nibiru Chain?

Nibiru Chain is a decentralized finance (DeFi) agreement that aims to democratize access to financial products for users around the world. The platform will allow users to access a variety of DeFi products such as staking, yield farming, and liquidity provision. Furthermore, Nibiru Chain functions on a scalable and interoperable multi-chain platform that supports smart contracts and decentralized applications (DApps).

The Seed Round Financing

In the recent seed round financing, Nibiru Chain received a total of $8.5 million in investment from Tribe Capital, Republic Capital, NGC Ventures, and Original Capital. The funds will be used to establish a technology stack, team, and community. Additionally, Nibiru Chain will focus on expanding its product offering and increasing its network of liquidity providers.
The significant contribution of Tribe Capital, a venture capital firm that focuses on supporting early-stage startups, is a sign of Nibiru Chain’s potential. Tribe Capital has a successful track record of selecting and supporting startups that go on to become industry leaders. With its involvement, Nibiru Chain’s access to resources and expertise will help drive its growth in the DeFi space.

The Potential Impact of the Seed Round Financing

The seed round financing will allow Nibiru Chain to build out its infrastructure and team to support the increasing demand for DeFi products. The platform aims to help users access the full range of decentralized finance products while ensuring security and scalability.
Moreover, the funds will enable Nibiru Chain to develop a larger and more diverse network of liquidity providers. This expansion of liquidity providers will enable better access to liquidity for users and enhance the overall experience on the platform.

Conclusion

In conclusion, Nibiru Chain has secured $8.5 million in seed round financing from Tribe Capital, Republic Capital, NGC Ventures, and Original Capital, with a valuation of $100 million. The influx of funds will help establish a technology stack, team, and community for Nibiru Chain. Furthermore, this round of funding will assist in expanding its product offering and network of liquidity providers, ultimately democratizing access to financial products for users worldwide.

FAQs

Q: What is Nibiru Chain?
A: Nibiru Chain is a decentralized finance agreement that aims to democratize access to financial products for users worldwide.
Q: Who led the seed round financing for Nibiru Chain?
A: The seed round financing was led by Tribe Capital, Republic Capital, NGC Ventures, and Original Capital.
Q: What will the seed round financing be used for by Nibiru Chain?
A: The funds will be used to establish a technology stack, team, and community. Additionally, Nibiru Chain will focus on expanding its product offering and increasing its network of liquidity providers.
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