<\/p>\n
A new layer-1 blockchain has raised nine figures in a series B funding round that featured tech giant Samsung and several crypto venture capital firms.<\/p>\n
In a new announcement, the decentralized finance (DeFi)-focused\u00a0blockchain<\/a> Berachain (BERA) says<\/a> that its latest funding round raised a staggering $100 million led by Brevan Howard Digital and Framework Ventures.<\/p>\n Some notable companies that invested in Berachain include Samsung Next, HashKey Capital, Animoca Ventures and Nomad Capital.<\/p>\n As stated<\/a> by Berachain co-founder Smokey The Bera, according to Bloomberg,<\/p>\n \u201cWe see this raise as a major validation of our approach to building a blockchain that\u2019s built on feedback from real users and developers, and driving value to those groups who are actually contributing to the network\u2019s growth.\u201d<\/em><\/p>\n According to Berachain\u2019s website, Berachain is designed<\/a> to have some interoperability with Ethereum (ETH<\/a>) smart contracts and tools. However, it cannot replicate the Ethereum Virtual Machine (EVM) environment in its entirety.<\/p>\n \u201c[Berachain] provides a degree of compatibility [with ETH], making it easier to port applications and assets. EVM-compatible chains might support Ethereum\u2019s smart contract languages and tools to a certain extent, but there could be differences in functionality, performance, or security features\u2026 <\/em><\/p>\n Berachain is an EVM-compatible layer-1 blockchain built on top of the Cosmos-SDK (software development kit) that supports all the same tooling, operations, and adds additional functionality built into the chain that optimizes for proof-of-liquidity and typical abstracted use-cases (decentralized exchanges, Oracles, etc).\u201d<\/em><\/p>\n The blockchain will have three assets \u2013 the BERA token, which will be used to conduct transactions on the chain; the BGT token, which will serve as its governance coin; and HONEY, the protocol\u2019s collateralized stablecoin.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>  <\/p>\n Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A new layer-1 blockchain has raised nine figures in a series B funding round that featured tech giant Samsung and several crypto venture capital firms. In a new announcement, the decentralized finance (DeFi)-focused\u00a0blockchain Berachain (BERA) says that its latest funding round raised a staggering $100 million led by Brevan Howard Digital and Framework Ventures. Some […]<\/p>\n","protected":false},"author":2,"featured_media":282831,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-282830","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=282830"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282830\/revisions"}],"predecessor-version":[{"id":282837,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/282830\/revisions\/282837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/282831"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=282830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=282830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=282830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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