Nibiru Launches $15 Million Grant for Developers

Nibiru Chain just launched its Nibiru Builder Grants and committed more than $15 million to support developers. This grant covers 2.5% of the Nibiru token supply with the goal of enhancing decentralization, scalability, and security.

Nibiru team has decided to operate the grant based on milestones. Key performance indicators have also been put into place to keep a check on developer engagement. Furthermore, out of the $15 million, $5 million is allocated to projects coming from Asia.

What type of projects will Nibiru support?

Nibiru Grant will support a range of projects especially those related to gaming, infrastructure development, and DeFi. The purpose of this grant is to provide mentorship and financial resources to the developers who are committed to enhancing the Nibiru ecosystem.

Regarding this, the Nibiru’s Ecosystem Lead, Erick Pinos stated, “The Nibiru ecosystem is excited to stand behind the passionate developer community, empowering builders to become catalysts for positive Web3 transformation.”

The participants of the program will also get the chance to collaborate with other developers in the Web3 space. Furthermore, the company has mentioned on its official X account that it is accepting applications from developers who want to participate in the program.

This story was sourced from Nibiru’s official X account.