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

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

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.

 

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Source

Layer 1

Public Chain

Fund Raising

Polygon

In This Article

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