Layer 1 Blockchain Berachain Closes $42 Million in Funding Led by Polychain Capital

Apr 20,2023,21:58

Layer 1 Blockchain Berachain has closed a $42 million round of funding led by Polychain Capital, with participation from OKX Ventures, Hack VC, Dao5, Tribe Capital, Shima Capital, and Robot Ventures.

Berachain is an EVM-compatible Layer 1 blockchain built on the Cosmos SDK with a Proof of Liquidity consensus mechanism. Berachain has a tri-token system of BERA (the native gas token), HONEY (a native stablecoin) and BGT (the "non-transferrable" Bera Governance Token).

Currently available as a development network (devnet), Berachain is expected to release a public incentivized testnet in the coming weeks and potentially a mainnet later this year. Berachain's tokens will also launch alongside its mainnet and investors backing the funding round will get native bera tokens.

Source

Disclaimer: This platform includes third party opinions. We do not endorse their accuracy. Digital asset prices can be volatile. Do your own insights. See full terms here

LastThe 1inch Network Expands to zkSync EraThe 1inch Network Expands to zkSync EraThe 1inch Network Expands to zkSync EraThe 1inch Network Expands to zkSync EraThe 1inch Network Expands to zkSync EraThe 1inch Network Expands to zkSync EraThe 1inch Network Expands to zkSync EraThe 1inch Network Expands to zkSync EraThe 1inch Network Expands to zkSync EraThe 1inch Network Expands to zkSync Era