Former executives from Starknet and Yuga Labs unite with Kraken-backed L1 Nibiru Chain, securing $100M.

Kraken-backed Layer 1 blockchain Nibiru Chain has announced the addition of two senior executives from Yuga Labs and Starknet Asia as part of its expansion in Asia. Yura Nam, former head of StarkNet Asia, has been appointed as the Asia Growth lead, while Nicholas Lo, previously the APAC Growth Manager at Yuga Labs, will take on the role of Asia Business Development lead. The project aims to establish a strong presence and adoption in various Asian regions, including Korea, Japan, India, Southeast Asia, and Chinese-speaking countries. Nibiru Chain plans to hire local community leads in each country and is actively seeking candidates for Community Growth roles. The team already has relationships with key players in the region and is exploring partnerships and collaborations with builders, validators, media companies, and the developer community. The recent hires will play a crucial role in navigating the complexities of the local markets and driving the project’s growth initiatives in the Asia region. Nibiru Chain, which raised $8.5 million in seed funding in April 2023 at a $100 million valuation, has seen significant interest from projects in sectors such as RWAs, gaming, and DeFi since its launch in late 2022.