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Nibiru Unveils $15M Developer Fund to Enhance Ecosystem Growth
Nibiru Chain, a Proof-of-Stake (PoS) network, has launched a $15 million developer fund to foster ecosystem growth. According to a press release published on Thursday, the newly launched fund, known as the Nibiru Builder Grants, is part of Nibiru’s developer program, designed to tackle various challenges within the blockchain industry and enhance the network’s capabilities.
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The protocol is built using Cosmos SDK, a toolkit framework that enables developers to create independent protocols without continuous expense. The platform is backed by prominent companies in the industry, including HashKey, Kraken Ventures, and Tribe Capital.
Nibiru said the $15 million grant will be shared among developers building innovative projects in the ecosystem in the form of tokens. Nibiru plans to distribute approximately 2.5% of its native crypto (NIBI) to the selec
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