Nibiru Foundation launches Nibiru Ventures to support blockchain projects; prioritizing consumer-facing applications.

From Investing.com

October 2, 2024 09:30 AM:

The Nibiru Foundation introduces Nibiru Ventures, a strategic venture arm dedicated to supporting blockchain projects within the Nibiru ecosystem. Nibiru Ventures offers funding, guidance, and support to help builders bring their application ideas to market, addressing challenges such as capital requirements and product integration costs.

One of Nibiru Ventures’ key objectives is to support consumer-facing applications that drive meaningful engagement and interest in the Web3 space. Priority is given to pre-seed and seed-stage projects with shorter time-to-market goals, focusing on areas like decentralized exchanges (DEXs), lending platforms, derivatives, and structured product vaults.

A significant investment by Nibiru Ventures was made in LayerBank, a decentralized multi-chain lending platform with $675+ million USD in total value locked (TVL). LayerBank aims to become a liquidity hub across EVM-compatible Layer 2 and rollup chains, introducing cross-chain lending functionality in Q4 2024 to consolidate liquidity pools.

Interested projects can apply for funding from Nibiru Ventures through an application form, aiming to join a curated portfolio of forward-thinking founders and teams driving growth in Web3. Nibiru Chain, the ecosystem supporting Nibiru Ventures, offers a high-performance, EVM equivalent execution layer to meet the demand for scalable, versatile Web3 applications.

Read more at Investing.com: Nibiru Foundation Launches Venture Arm to Support Web3 Innovation By Chainwire