[PRESS RELEASE – Tortola, British Virgin Islands, March 12th, 2024]

Nibiru Chain, a developer and user-centric Layer 1 platform, has officially launched its public mainnet. Nibiru Chain stands out by offering a secure and efficient environment for building highly-performant decentralized applications. It is distinguished by its robust smart contract ecosystem offering superior throughput and unparalleled security, making it the go-to platform for builders in gaming, real-world assets (RWAs), NFTs, DeFi, and more.

Empowering Users with a Rich Ecosystem

At launch, Nibiru Chain offers a wide range of functionalities to its community and prospective builders. Users can engage in staking with NIBI validators and participate in decentralized governance. Nibiru Chain will also introduce competitive Web3 gaming through Chess3, allowing players to learn the game of chess, compete in tournaments sponsored by communities, streamers, or brands, and earn rewards. Additionally, Nibiru Chain supports the minting and trading of NFTs on Dropspace, secure “.nibi” namespaces through Nibiru ID, and real estate opportunities through Coded Estate.

Nibiru Chain encourages innovation by rewarding developers with a portion of transaction fees from their smart contracts, offering built-in value accrual. In addition to providing developers with tools to build applications, Nibiru Chain introduces its Super Chain, which includes perpetuals, spot, swap, and stablecoin functionalities. These features offer greater opportunities for dApps to expand and integrate with DeFi. The Super Chain initiative aims to deliver a seamless retail trading and investment experience and is designed to serve users across more than 40 blockchains.

Nibiru’s Strategic Vision for 2024

Nibiru Chain’s key initiatives include rolling out its genesis NFT collection and expansion into the APAC region with an initial focus on Korea, China, India, Japan, Vietnam, and Thailand. Central to Nibiru Chain’s mission is the launch of parallel optimistic execution, which enables the simultaneous processing of multiple independent transactions.

Launching Nibiru Chain marks a significant stride toward increasing blockchain scalability by bridging gaps across the blockchain landscape. Nibiru is engineered to dismantle hurdles that have isolated applications and users within their ecosystems and offer an intuitive, straightforward entry point into a more thoroughly connected Web3 for users and developers alike.

Additionally, Nibiru Chain is set to announce details on its upgrade enabling full Ethereum Virtual Machine compatibility, ensuring further interoperability with Ethereum-based dApps. This integration will lower the barrier to entry for Ethereum developers and facilitate a smoother transition to Nibiru Chain’s more efficient and cost-effective Layer 1 solution, making crypto more accessible and user-friendly for the general public.

About Nibiru

Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem sporting superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infra, consensus, a comprehensive dev toolkit, and value accrual.

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