Nibiru Foundation launches Nibiru Ventures to support development on Nibiru Chain blockchain with investments in DeFi and real assets - LayerBank platform with $675M in assets prepares for cross-chain lending launch in 2024 💰

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Nibiru Foundation has launched a venture division, Nibiru Ventures, to support development on the Nibiru Chain blockchain. The goal of Nibiru Ventures is to assist decentralized application (dApp) developers and expand the services of the Nibiru ecosystem, said Chief Operating Officer Jonathan Chang.

Nibiru Ventures will provide not only funding but also strategic support, helping projects in company building, marketing, fundraising, and technical assistance. The fund plans to invest in early-stage projects, particularly in decentralized finance (DeFi) and real assets.

Among Nibiru Ventures' first investments is the LayerBank platform, with $675 million in assets and plans to launch cross-chain lending by the end of 2024.

This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.

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