The decentralized derivatives protocol Nibiru has completed a $7.5 million seed round financing, with participation from Tribe Capital and others

According to Chain Catcher news and reported by TechCrunch, the derivatives protocol Nibiru has completed a $7.5 million seed round financing at a valuation of $100 million, with participation from Tribe Capital, Republic Crypto, and Kraken.

It is reported that Nibiru was co-founded by Tribe Capital partner Arjun Sethi and four industry veterans, aiming to build the first mainstream decentralized multi-chain solution. The protocol is expected to launch a public testnet later this year and a mainnet in Q1 2023. (Source link)