Nibiru Chain reveals $15 million grant for developers

Nibiru Chain invests over $15M in developer grants to support its smart contract platform’s growth and ecosystem expansion.

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Nibiru dedicates $5 million to Asian developers, enhancing global Web3 growth.

Nibiru Chain reveals $15 million grant for developers.

Nibiru Chain has launched the Nibiru Builder Grants, committing over $15 million to support its developer ecosystem. According to the announcement, this grant represents approximately 2.5% of Nibiru’s native token supply, and aims to enhance decentralization, security, and scalability on the platform. Developers in the Asia region have $5 million earmarked.

“The Nibiru ecosystem is excited to stand behind the passionate developer community, empowering builders to become catalysts for positive Web3 transformation. The grants initiative will supplement ongoing aid in partnership pairings and access to mentors, industry experts, and experienced developers,” expressed Erick Pinos, Ecosystem Lead at Nibiru. “This initiative also allows Nibiru to actively elevate the visibility of ecosystem projects through dedicated marketing support.”

The grants program will operate on a milestone basis, with key performance indicators to ensure sustainable developer engagement. Additionally, Nibiru’s venture capital partners may offer funding and support to promising projects.

Nibiru is also planning hackathons with prize pools of up to $100,000 and introducing a reward mechanism for developers to earn transaction fees. Future plans include reward structures based on Total Value Locked (TVL) metrics, providing developers with a clear path to cash flow.

“We’re thrilled to unveil the long-term initiative to bolster the developer ecosystem with a $5 million sleeve specifically for the Asia region. Asia-based developers can interact with growth and community efforts; understanding Asia is a hallmark priority,” said Brandon Suzuki, Head of Growth at Nibiru. “With KPI-based milestones to provide aligned interest between the broader network and the grant recipients, the grants initiative will further fuel for acceleration.

The platform will support developers with referrals, discounts, and priority access to essential services, from auditors to market makers. Nibiru’s community initiatives include distributing 22.5 million NIBI tokens to participants in Testnet and X Airdrop campaigns, with Genesis NFT minting opportunities for further engagement.

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