A brand new layer-1 blockchain has raised 9 figures in a sequence B funding spherical that featured tech large Samsung and several other crypto enterprise capital corporations.
In a brand new announcement, the decentralized finance (DeFi)-focused blockchain Berachain (BERA) says that its newest funding spherical raised a staggering $100 million led by Brevan Howard Digital and Framework Ventures.
Some notable corporations that invested in Berachain embody Samsung Subsequent, HashKey Capital, Animoca Ventures and Nomad Capital.
As stated by Berachain co-founder Smokey The Bera, in keeping with Bloomberg,
“We see this elevate as a serious validation of our method to constructing a blockchain that’s constructed on suggestions from actual customers and builders, and driving worth to these teams who’re truly contributing to the community’s development.”
In accordance with Berachain’s web site, Berachain is designed to have some interoperability with Ethereum (ETH) sensible contracts and instruments. Nevertheless, it can’t replicate the Ethereum Digital Machine (EVM) setting in its entirety.
“[Berachain] offers a level of compatibility [with ETH], making it simpler to port functions and belongings. EVM-compatible chains would possibly assist Ethereum’s sensible contract languages and instruments to a sure extent, however there might be variations in performance, efficiency, or security measures…
Berachain is an EVM-compatible layer-1 blockchain constructed on high of the Cosmos-SDK (software program growth package) that helps all the identical tooling, operations, and provides further performance constructed into the chain that optimizes for proof-of-liquidity and typical abstracted use-cases (decentralized exchanges, Oracles, and many others).”
The blockchain can have three belongings – the BERA token, which shall be used to conduct transactions on the chain; the BGT token, which is able to function its governance coin; and HONEY, the protocol’s collateralized stablecoin.
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