Summary
TLDR: Berachain, a layer-1 blockchain built with Cosmos tech, raised $100 million in Series B funding from investors like Brevan Howard Digital and Framework Ventures. The project aims to align incentives for security and liquidity at the network level using a proof-of-liquidity consensus mechanism. The team plans to use the funding to strengthen economic growth initiatives, expand globally, and launch the mainnet soon.
Key Points
1. Pseudonymous founders with bear-themed names have raised $100 million in funding for Berachain—a layer-1 blockchain built with Cosmos tech.
2. The Series B funding round for Berachain was co-led by Brevan Howard Digital and Framework Ventures, with additional backers including Polychain Capital, Samsung Next, and other prominent investors.
3. Berachain plans to use the $100 million raised to strengthen its economic growth initiatives, engineering resources, and expand its global presence into regions such as Hong Kong, Singapore, South East Asia, Latin America, and Africa.