Nibiru Chain announced a $15 million grant program to help promote widespread adoption of its new blockchain.
Developers can apply for Nibiru Builder Grants through its website. Of the $15 million total, $5 million will be dedicated exclusively to projects based out of Asia. The money will be paid through Nibiru’s NIBI tokens, with grants ranging from $5,000 to $50,000 in NIBI.
In addition to the grants, successful applicants will receive mentorship support (and possibly additional funding) from Nibiru’s VCs, which includes Tribe Capital, NGC Ventures, ArkStream, and others.
“The Nibiru ecosystem is excited to stand behind the passionate developer community, empowering builders to become catalysts for positive Web3 transformation,” said Nibiru ecosystem lead Erick Pinos in a statement. “The grants initiative will supplement ongoing aid in partnership pairings and access to mentors, industry experts, and experienced developers. This initiative also allows Nibiru to actively elevate the visibility of ecosystem projects through dedicated marketing support.”
Nibiru is a Layer 1 blockchain that was built to be one of the most developer-friendly and user-friendly smart contract platforms. Its leadership is made up of veterans from IBM, Google, and JP Morgan.
There are more than 100 projects and companies working with the Nibiru blockchain, including Web3 games like Chess3, Cosmic FOMO, and MotoDex.