Nibiru Chain

Company profile

Nibiru Chain company profile

Nibiru Chain is a breakthrough L1 blockchain and smart contract ecosystem providing superior throughput and unparalleled security. Nibiru aims to be the most developer-friendly and user-friendly smart contract ecosystem, leading the charge toward mainstream Web3 adoption by innovating at each layer of the stack: dApp development, infrastructure, consensus, a comprehensive developer toolkit, and value accrual. Since late 2022, dozens of projects have begun building on Nibiru across sectors such as DeFi, gaming, real-world assets, NFTs, developer tools, and bridges—each sharing the common mission of making interactions with digital assets fast, secure, and user-friendly for everyone. Core Token Utility: The staking and utility token of Nibiru Chain is called ‘NIBI’. This token plays a pivotal role in powering the network’s Proof-of-Stake consensus and decentralized governance, a process by which NIBI stakers can decide on and bring about changes in the network. Additionally, NIBI is utilized to secure the network and pay for computation in the form of gas fees, essential for facilitating the creation of new blocks on the chain. “Dev Gas” Royalty Mechanism: Imagine protocols like Uniswap or Aave earning half of the ETH expended on them. This distinctive feature attracts developers to Nibiru, where builders automatically earn half of the NIBI gas expended on their smart contracts, encouraging network growth and sustained development of the ecosystem.