Tribe Capital-Backed Nibiru Chain Allocates Over $15M in Developer Grants
The long-term grants, totaling over $15 million, will be distributed in the form of tokens (NIBI) equivalent to approximately 2.5% of the supply among innovative developers
Nibiru Chain, backed by HashKey, Kraken Ventures, and Tribe Capital, is launching a $15 million grant program to support developers focused on the Asian market. The long-term grants, totaling over $15 million, will be distributed in the form of tokens (NIBI) equivalent to approximately 2.5% of the supply among innovative developers.
This initiative is part of a strategic effort to enhance the capabilities of its blockchain platform. The grants will supplement ongoing aid in partnership pairings and access to mentors, industry experts, and experienced developers.
Additionally, Nibiru is implementing a new reward mechanism that allows developers to earn a share of transaction fees each time their smart contracts are executed, as well as a bounty system for developers who fulfill protocol request for proposals (RFPs).
