- Nibiru Chain is investing over $15 million in grants to support innovative developers, particularly those in the Asian market.
- This strategic initiative aims to empower developers to drive positive transformation in the Web3 space by providing them with funding, mentorship, and marketing support.
Nibiru Chain, a blockchain platform supported by investors such as HashKey, Kraken Ventures, and Tribe Capital, has announced a new grant program worth over $15 million to encourage and support developers, particularly in the Asian market.
The initiative, known as the “Nibiru Builder Grants,” aims to enhance the platform’s capabilities by providing long-term grants to innovative developers. These grants, distributed in the form of NIBI tokens and totaling approximately 2.5% of the total supply, offer developers the resources needed to fuel their projects.
Ecosystem Lead Erick Pinos expressed the platform’s excitement in supporting passionate developers who contribute to the positive transformation of Web3. Along with the grants, the initiative offers partnership opportunities and access to mentors, industry experts, and experienced developers.
A significant portion of the grant program is specifically allocated for projects in Asia, totaling $5 million. Head of Growth Brandon Suzuki emphasized the importance of engaging Asia-based developers to foster growth and community efforts in the region. The grant program aims to create alignment between the broader network and grant recipients through KPI-based milestones.
In addition to the grants, Nibiru Chain plans to host regular hackathons with prize pools of up to $100,000. These events will stimulate innovation across various decentralized application (dApp) categories such as tokenization of real-world assets, web3 gaming, DeFi, and SocialFi.
Nibiru is also introducing a reward mechanism that enables developers to earn a portion of transaction fees whenever their smart contracts are executed. Furthermore, a bounty system will be implemented for developers who meet protocol requests for proposals (RFPs).
Through this comprehensive grant program and various initiatives, Nibiru Chain aims to empower developers and strengthen the blockchain ecosystem, particularly within the Asian market.
Nibiru Chain’s $15 million grant program marks a strategic effort to bolster the blockchain ecosystem, with a particular emphasis on supporting developers in the Asian market. Through these grants and additional initiatives such as hackathons and reward mechanisms, the platform aims to empower a new generation of innovative developers, fostering growth and advancement within the blockchain space. This targeted approach showcases Nibiru Chain’s commitment to driving progress in the industry and nurturing transformative projects across the region.
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