Google, J.P. Morgan, and Tendermint Vets Deploy “Super Chain” Layer-1

 Nibiru Chain, the user and developer-centric layer-1 Super Chain, is announcing the launch of its highly anticipated public mainnet. The project addresses users’ common onboarding challenges and provides the first fully mainstream decentralized multichain solution.

Nibiru Chain is built on the vision of co-founders Unique Divine, Kevin Yang, and Jonathan Gimeno, who bring experience from Google, Tendermint, IBM, and Sommelier. Supported by strategist Jonathan Chang from GIC and JP Morgan, along with others from MIT, Waterloo, Ava Labs, Tendermint, Protocol Labs, Columbia University, and Siemens, the Nibiru contributors are united in making blockchain universally accessible and user-friendly.

The platform iterates upon the most sought-after services found on major networks with superior performance, with Nibiru capable of processing 40,000 transactions per second, with instant finality, and 1.4 second block times even with a maximum-capacity, decentralized validator set (150+ geolocated active validators). In stark contrast to Ethereum’s limited processing capacity of 20-30 TPS, Nibiru represents a 1,300x improvement and a 4x advance on standard performance of chains leveraging the battle tested CometBFT consensus algorithm (previously known as Tendermint Core). 

The exceptional performance of Nibiru is made possible through parallel optimistic execution which allows the platform to process multiple independent transactions simultaneously. This is in contrast to many existing blockchains, such as Ethereum, and a litany of EVM-based networks, which — due to their reliance on sequential processing — face substantial challenges as the demand and complexity of transactions increase.

Parallel optimistic execution can be likened to converting a highly congested single-lane road into a multi-lane expressway in which transactions, like vehicles, navigate alongside each other. This approach not only eliminates transaction delays and sky-high fees but also engenders new and innovative applications. 

Prioritizing enhanced throughput and finality via parallel optimistic execution is mission-critical for Nibiru's emerging NFT and DeFi ecosystems, which are dependent on swift trading and minimal fees. The addition of throughput optimizations and the developer suite tackles the critical issue of blockchain scalability and helps address the fragmentation and complexity prevalent in the crypto domain, where various disconnected applications are often isolated within their interface journey. Nibiru's efforts to streamline and simplify the blockchain landscape endeavors to make crypto more accessible to developers and user-friendly for the general public.

Nibiru chain is spurred by the project's longstanding ambition to offer users an easy onboarding experience and a one-stop solution analogous to popular SuperApps within Web2. This initiative provides a seamless retail trading and investment experience with unified derivatives trading, spot trading, staking, and bonded liquidity and aims to serve users across over 40 blockchains.

Being a base-layer chain, Nibiru reduces the complexities and friction associated with layer-2 solutions by offering proven interoperability with other layer-1s, a fully sovereign network without reliance on a separate network, and increased developer infrastructure of its own. 

With its comprehensive suite of developer tools, Nibiru is positioned to become the go-to platform for broad-scope retail investors (NFTs, gaming, RWAs, DeFi) and Web3 newcomers. The toolkit will feature Web3 Software Development Kits (SDKs), Nibi-Indexer, Nibi-Oracle, and flexible execution environments in both Wasm VM and EVM. Web3 SDKs are available in modern programming languages like TypeScript, Golang, Python, and Rust. While Nibi-Indexer allows for reliable on-chain data for analyzing smart contracts and transactions, Nibi-Oracle allows validator operators to actively participate in oracle consensus voting to integrate off-chain data onto the blockchain natively with high fidelity. 

Nibiru’s open-ended ecosystem will include dapps like Nibi-Perps, CodedEstate, Nibi-Swap, and NUSD. Nibi-Perps, a perpetual futures product, leverages an Automated Market Maker (AMM) approach that eliminates the need for a liquidity pool and allows for better pricing and lower slippage. Coded Estate brings homes on-chain, reimagining property ownership. Nibi-Swap allows investors to leverage liquidity pool positions for perp trading or lending — a feature users formerly had to rely on centralized exchanges to get. The NUSD stablecoin pairs with the native NIBI token to facilitate seamless crypto-to-fiat and ensure liquidity and stability across the Nibiru ecosystem.

Additionally, Smart contracts in Nibiru’s primary execution engine, Wasm, are impervious to the vast majority of common attack vectors, such as reentrancy, arithmetic overflow/underflow, short address attacks, and many others. 

Broadening its smart contract infrastructure, Nibiru will soon announce further details on its Ethereum Virtual Machine integration, enabling total portability and interoperability with Ethereum-based dApps. This will significantly lower the barrier to entry for Ethereum developers and facilitate a smoother transition to Nibiru's more performant and cost-effective Layer 1 solution. 

From day one, Nibiru users will have access to a wide array of functionalities on Nibiru Chain, such as staking NIBI to secure the network participating in Nibiru governance. Users can reserve their unique domains on Nibiru ID or connect their existing domains using Unstoppable Domains. They can also verify their identities with Humanode and protect themselves from phishing scams with Scamfari. Creators can seamlessly construct native, fungible, IBC-compatible tokens and memecoins or launch NFT collections  on Dropspace. Liquid staking is available through Kryptonite, and users can accumulate points by completing on-chain tasks through integrated platforms like Midle, TaskOn, Superboard, and BonusBlock. The platform also facilitates the bridging of liquidity in and out from ten different blockchains via three distinct bridges. For real estate enthusiasts, CodedEstate and Play Estates testnet allow for the on-chain purchase and rental of homes. To ensure a seamless experience, all major Cosmos wallets will be integrated and supported.

As the platform progresses, details on staking yields and further ecosystem developments will be provided, including incentivized on-chain tasks and the network’s APAC expansion. Initial target countries within APAC will include Korea, China, Japan, India, Vietnam, and Thailand.
During the platform's incentivized testnet phase, Nibiru showcased immense potential and demand, with over 137 million transactions, 4 million wallet addresses, and 30,000 smart contracts deployed. Nibiru's infrastructure and the community's enthusiasm for a more accessible blockchain solution compare favorably against Sei, which recorded only 4M users and 100M transactions at the end of their testnet phase.

Following its $8.5 million seed round in September 2022 (secured with a valuation of $100m), co-led by the $1.6B+ AUM firm Tribe Capital, Republic Capital, Original Capital, and NGC Ventures, Nibiru secured an additional $12 million from Coinlist and a diverse group of venture firms, including Kraken Ventures, ArkStream, NGC Ventures, Master Ventures, and others. The overwhelming response to the community sale on Coinlist for Nibiru’s staking and utility token, NIBI, which sold out initial allocation in 9 minutes and received 842% in pre-funded excess interest, further shows the community’s enthusiasm for Nibiru Chain. 

“Launching Nibiru Chain marks a significant stride toward bridging the gaps within the blockchain ecosystem. We recognize the barriers that have kept potential users at bay — from complex onboarding to opaque decision-making and a lack of affordability, scalability, and transparency. Nibiru is engineered to dismantle these hurdles and offer an intuitive, straightforward entry point into Web3 for users and developers alike. As Nibiru has evolved, much of its success is owed to our incredible developer ecosystem. The team is excited to support and genuinely collaborate with Nibiru’s growing community of creators and builders.“ - Unique Divine, Co-Founder and CEO at Nibiru Chain. 

Nibiru Chain’s public mainnet launch on March 12, 2024, at 8 AM UTC also coincides with NIBI listings on Bybit, Kucoin, Gate, and MEXC. 

For more information, visit Nibiru Chain

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