Berachain Raises $100 Million in Series B Funding Round with Samsung and Crypto VC Firms
The decentralized finance (DeFi) space has a new player in town, and it’s already making waves in the blockchain industry. Berachain (BERA), a layer-1 blockchain, has just completed a series B funding round that raised a whopping $100 million. This funding round was led by Brevan Howard Digital and Framework Ventures, with participation from tech giant Samsung and several crypto venture capital firms.
Berachain’s co-founder, Smokey The Bera, expressed excitement about the funding round, stating that it validates their approach to building a blockchain that prioritizes feedback from real users and developers. The platform is designed to have some interoperability with Ethereum smart contracts and tools, making it easier to port applications and assets.
One of the key features of Berachain is its compatibility with the Ethereum Virtual Machine (EVM), allowing for seamless integration with Ethereum’s smart contract languages and tools. The blockchain will support three assets – the BERA token for transactions, the BGT token for governance, and HONEY, the protocol’s stablecoin.
With major players like Samsung Next and HashKey Capital backing Berachain, the platform is poised to make a significant impact in the DeFi space. Investors and developers alike are keeping a close eye on this new blockchain as it continues to innovate and grow.
