Nibiru Chain, a smart contract platform supported by investors like HashKey, Kraken Ventures, and Tribe Capital, is launching a $15 million grant program called “Nibiru Builder Grants” to support developers focusing on the Asian market. The initiative is aimed at enhancing the capabilities of the blockchain platform and will distribute grants in the form of tokens (NIBI) equivalent to approximately 2.5% of the total supply among innovative developers. Ecosystem Lead Erick Pinos expressed excitement about supporting the developer community and empowering builders to drive positive transformation in the Web3 space. The grants will be supplemented with partnership pairings, access to mentors, industry experts, and dedicated marketing support.
A specific allocation of $5 million in grants is included in the initiative for projects in Asia, reflecting Nibiru’s commitment to engaging Asian developers in growth and community efforts. Head of Growth Brandon Suzuki highlighted the importance of the Asia region for the initiative and emphasized the alignment of interests between the broader network and grant recipients through KPI-based milestones. The grants initiative is expected to accelerate the development of projects in the region and provide fuel for innovation and growth in the ecosystem.
In addition to the grant program, Nibiru Chain will hold regular hackathons with prize pools of up to $100,000 to encourage innovation across various dApp categories such as tokenization of real-world assets, web3 gaming, DeFi, and SocialFi. The network is also introducing a new reward mechanism that allows developers to earn a share of transaction fees each time their smart contracts are executed. Furthermore, a bounty system will be set up for developers who fulfill protocol requests for proposals (RFPs), creating additional opportunities for developers to contribute to the platform and be rewarded for their efforts.
The Nibiru ecosystem is dedicated to supporting the passionate developer community and providing them with the resources and tools needed to drive positive change in the Web3 space. By offering grants, mentorship, industry expertise, and marketing support, Nibiru aims to elevate the visibility of ecosystem projects and foster innovation within the blockchain industry. The grants initiative, along with hackathons and reward mechanisms, will further incentivize developers to build on the Nibiru platform and contribute to its growth and success in the Asian market and beyond.
With the backing of investors like HashKey, Kraken Ventures, and Tribe Capital, Nibiru Chain is well-positioned to support developers in the Asian market and beyond through its grant program and other initiatives. By providing financial support, mentorship, and incentives for innovation, Nibiru aims to attract talented developers to its platform and drive the development of cutting-edge projects in the blockchain space. The focus on the Asian market, along with regular hackathons and reward mechanisms, demonstrates Nibiru’s commitment to nurturing a thriving developer ecosystem and pushing the boundaries of what is possible in the world of Web3 technology.
