In a bid to foster widespread adoption of its innovative blockchain technology, Nibiru Chain has unveiled a $15 million grant program aimed at developers. The initiative, known as Nibiru Builder Grants, invites developers to apply for funding through the company's website. 

In this article, we will cover everything you need to know about Nibiru Chain's $15 million grant initiative, and how it will support developers building on their blockchain. We will also touch on why the team has earmarked $5 million for Asian projects, how to apply, and details of the grants - including $NIBI token allocation along with mentorship from leading VCs.

$15 Million Grant Program

In a bid to propel the widespread adoption of its cutting-edge blockchain technology, Nibiru Chain has unveiled a significant $15 million grant program aimed at developers worldwide. The initiative, termed the Nibiru Builder Grants, is poised to provide substantial financial backing to innovative projects seeking to leverage Nibiru's blockchain capabilities.

Developers keen on tapping into this substantial funding pool can submit their applications via the Nibiru website. Of the total $15 million earmarked for the grant program, a noteworthy $5 million will be exclusively allocated to projects originating from Asia. Successful applicants will receive their grants in $NIBI tokens, with amounts ranging from $5,000 to $50,000 in value.

Leading VC Mentorship

Moreover, beyond the financial support, recipients of the grants can anticipate additional assistance in the form of mentorship from Nibiru's esteemed venture capital partners. Notable names among these partners include Tribe Capital, NGC Ventures, ArkStream, and others, promising invaluable guidance and potentially further funding opportunities.

Erick Pinos, the lead of Nibiru's ecosystem, expressed enthusiasm for the initiative, highlighting its role in empowering developers to spearhead positive transformation within the web3 landscape. Pinos affirmed, "The grants initiative will supplement ongoing aid in partnership pairings and access to mentors, industry experts, and experienced developers. This initiative also allows Nibiru to actively elevate the visibility of ecosystem projects through dedicated marketing support."

More about Nibiru?

Nibiru stands out as a Layer 1 blockchain renowned for its exceptional developer-friendly and user-friendly smart contract platform. With a leadership team boasting veterans from tech giants like IBM, Google, and JP Morgan, Nibiru is poised to revolutionize the blockchain sphere.

Presently, the Nibiru blockchain boasts a strong ecosystem, with over 100 projects and companies actively leveraging its capabilities. Notable among these are web3 games such as Chess3, Cosmic FOMO, and MotoDex, exemplifying the diverse applications enabled by Nibiru's innovative technology.

As Nibiru extends its support to developers through substantial grants and mentorship opportunities, the blockchain ecosystem anticipates a surge in groundbreaking projects poised to shape the future of decentralized applications and gaming.