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A brand new layer-1 blockchain has raised 9 figures in a sequence B funding spherical that featured tech big Samsung and several other crypto enterprise capital companies.
In a brand new announcement, the decentralized finance (DeFi)-focused blockchain Berachain (BERA) says that its newest funding spherical raised a staggering $100 million led by Brevan Howard Digital and Framework Ventures.
Some notable corporations that invested in Berachain embrace Samsung Subsequent, HashKey Capital, Animoca Ventures and Nomad Capital.
As stated by Berachain co-founder Smokey The Bera, in response to Bloomberg,
“We see this increase as a significant validation of our method to constructing a blockchain that’s constructed on suggestions from actual customers and builders, and driving worth to these teams who’re truly contributing to the community’s development.”
Based on Berachain’s web site, Berachain is designed to have some interoperability with Ethereum (ETH) good contracts and instruments. Nevertheless, it can’t replicate the Ethereum Digital Machine (EVM) surroundings in its entirety.
“[Berachain] offers a level of compatibility [with ETH], making it simpler to port functions and property. EVM-compatible chains would possibly help Ethereum’s good contract languages and instruments to a sure extent, however there might be variations in performance, efficiency, or safety features…
Berachain is an EVM-compatible layer-1 blockchain constructed on high of the Cosmos-SDK (software program improvement equipment) that helps all the identical tooling, operations, and provides extra performance constructed into the chain that optimizes for proof-of-liquidity and typical abstracted use-cases (decentralized exchanges, Oracles, and many others).”
The blockchain could have three property – the BERA token, which can be used to conduct transactions on the chain; the BGT token, which is able to function its governance coin; and HONEY, the protocol’s collateralized stablecoin.
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