Rally

Future

Million

Cosmos

<a href="https://bitcoinworld.co.in/layer-1-blockchain-berachain-raised-100-million-in-funding-led-by-brevan-howard-digital/" title="Layer-1 Blockchain Berachain Raised $100 Million in Funding Led by Brevan Howard Digital" rel="noopener noreferrer nofollow"></a>
<ul>
 <li style="font-weight: 400"><a href="https://docs.berachain.com/learn/" rel="noopener noreferrer nofollow">Berachain</a>, a layer-1 blockchain built on Cosmos technology, has secured $100 million in Series B funding in a round.</li>
</ul>
Berachain, a layer-1 blockchain built on Cosmos technology, has secured $100 million in Series B funding in a round led by investment management platform Brevan Howard Digital and crypto-native venture capital firm Framework Ventures.&nbsp;
Other notable backers include Polychain Capital, Samsung Next, Hack VC, and Hashkey Capital, with angel investors such as Sandeep Nailwal, co-founder of Polygon, and Yat Siu, Chairman of Animoca Brands.
Berachain gained traction following its transition from an NFT project called Bit Bears, which initially started as a fun endeavor but evolved into a successful venture with a dedicated community.&nbsp;
The recent launch of the <a href="https://www.berachain.com/" rel="noopener noreferrer nofollow">Berachain</a> testnet saw impressive utilization, with over 300,000 users and 1 million transactions processed within the first 48 hours.
See Also: <a class="row-title" href="https://bitcoinworld.co.in/doctor-doge-drdoge-to-rally-over-8000-within-48-hours-as-it-prepares-to-challenge-shib-and-doge/" aria-label="“Doctor Doge (DRDOGE) to Rally Over 8,000% Within 48 Hours as it Prepares to Challenge SHIB and DOGE” (Edit)" rel="noopener noreferrer nofollow">Doctor Doge (DRDOGE) to Rally Over 8,000% Within 48 Hours as it Prepares to Challenge SHIB and DOGE</a>
The funding round, which involved a Simple Agreement for Future Tokens (SAFT) agreement, came shortly after Monad Labs’ announcement of a $225 million raise for its own layer-1 chain.&nbsp;
Berachain plans to utilize the funds to bolster economic growth initiatives, enhance engineering resources, and expand its global presence in regions such as Hong Kong, Singapore, Southeast Asia, Latin America, and Africa.
Berachain is an EVM-compatible layer-1 blockchain built using the Cosmos SDK.&nbsp;
The blockchain employs the proof-of-liquidity consensus mechanism, which builds upon proof-of-stake while addressing its limitations.&nbsp;
Users of Berachain can earn Bera Governance Tokens (BGT) by providing liquidity to pools using the network’s native BERA tokens.&nbsp;
This model aims to enhance security through increased liquidity, decentralize inflation, and align all participants in the ecosystem.
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote>
#Binance #WRITE2EARN
The post <a href="https://bitcoinworld.co.in/layer-1-blockchain-berachain-raised-100-million-in-funding-led-by-brevan-howard-digital/" rel="noopener noreferrer nofollow">Layer-1 Blockchain Berachain Raised $100 Million in Funding Led by Brevan Howard Digital</a> appeared first on <a href="https://bitcoinworld.co.in" rel="noopener noreferrer nofollow">BitcoinWorld</a>.

Layer-1 Blockchain Berachain Raised $100 Million in Funding Led by Brevan Howard Digital

ItsBitcoinWorld

Інші статті, опубліковані 15 квіт. 2024 р.

Bitcoin’s Price Will Not Reach $100,000 Until 6 Months After The Halving, Experts Say

Bitcoin Price to $650,000: Analyst Sees BTC Outperforming Gold in Long Term

Largest Federal German Bank to Offer Crypto Custody Service

99Bitcoins Launches Presale For New Utility Token With $99,999 Crypto Airdrop

Bitcoin Price Prediction: BTC Pumps 3% After The Crypto Crash As Experts Say This New Learn 2 Ear...

THORChain & Fantom Enthusiasts Rally Behind DeeStream on Back of Stage 2 Presale Massive Potential

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!