Nibiru Chain, a proof-of-stake blockchain backed by HashKey Capital and Kraken Ventures, has allocated $15 million in NIBI tokens as part of the so-called Nibiru Builder Grants initiative aimed at fueling its developer ecosystem. In a press release shared with crypto.news, the developers said the allocated sum is equivalent to ~2.5% of the token supply. Erick Pinos, ecosystem lead at Nibiru Chain, says the grant will “supplement ongoing aid in partnership pairings and access to mentors, industry experts, and experienced developers.” Commenting on the initiative, Jonathan Chang, COO of Nibiru, told crypto.news the firm wants to lower barriers to entry and create “opportunities for those who may not have access to traditional VC funding.”
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