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Berachain - Undisclosed
Overview
Funding Date
March 15, 2024
Financing amount
$69M
Valuation
$1.5B
Category
About Berachain - Undisclosed
The Berachain blockchain platform is becoming a unicorn in a more than $69 million funding round co-led by Brevan Howard Digital and Framework Ventures. The project, which is raising the money by selling digital tokens, will be valued at $1.5 billion.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Fund | United Kingdom | 2002 | 34 | enquiries@brevanhoward.com | ||
| Fund | Canada | 2019 | 95 | hello@framework.ventures |
Founders & Team
Smokey the Bera
Homme Bera
Company Profile / Project Introduction
Berachain is an EVM-compatible layer one blockchain, built using the Cosmos SDK, and secured by the novel Proof-of-Liquidity Consensus Protocol. The project aims to allow users to stake tokens while providing liquidity to DeFi protocols in parallel.
Berachain has a tri-token system of bera (the native gas token), honey (a native stablecoin) and BGT (the "non-transferrable" Bera Governance Token). Users who stake bera or "other permissioned tokens" will earn BGT over time, allowing them to "capture honey generated by the underlying chain architecture as a reward for their participation in governance" .
Berachain is the pseudonymous co-founders' second project, after the NFT project Bong Bears, a collection of "100 absolutely zooted NFT bears getting baked."