{"id":11632,"date":"2024-03-15T12:47:33","date_gmt":"2024-03-15T10:47:33","guid":{"rendered":"https:\/\/forklog.com\/en\/berachain-team-valued-at-1-5-billion-following-funding-round\/"},"modified":"2024-03-15T12:47:33","modified_gmt":"2024-03-15T10:47:33","slug":"berachain-team-valued-at-1-5-billion-following-funding-round","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/berachain-team-valued-at-1-5-billion-following-funding-round\/","title":{"rendered":"Berachain Team Valued at $1.5 Billion Following Funding Round"},"content":{"rendered":"<p>Developers of the DeFi-focused L1 blockchain Berachain have raised $69 million in a funding round, valuing the company at $1.5 billion, according to sources cited by <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-03-15\/crypto-s-berachain-becomes-unicorn-in-69-million-vc-round\">Bloomberg<\/a>.<\/p>\n<p>The round was led by Brevan Howard Digital and Framework Ventures.<\/p>\n<p>The agency described the deal as a signal of renewed interest from venture investors in the cryptocurrency industry.<\/p>\n<p>Berachain is an EVM-compatible network built on the Cosmos <span data-descr=\"a set of development tools\" class=\"old_tooltip\">SDK<\/span>. The project employs a Proof-of-Liquidity consensus mechanism. This variant of &#8220;delegated&#8221; PoS is designed to allow users to lock tokens in staking while simultaneously providing liquidity for projects on the network.<\/p>\n<p>In January 2023, developers <a href=\"https:\/\/u1f987.com\/en\/news\/berachain-team-launches-public-testnet-for-l1-blockchain\">launched<\/a> the public testnet Artio.<\/p>\n<p>Users gained the ability to exchange BERA tokens, issue HONEY stablecoins, provide loans in the asset, and supply liquidity in pools. The ecosystem also utilizes the governance token BGT.<\/p>\n<p>The mainnet launch is expected in the second quarter of 2024.<\/p>\n<p>Earlier in April 2023, the team raised $42 million in a funding round led by Polychain Capital.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Developers of the DeFi-focused L1 blockchain Berachain have raised $69 million in a funding round, valuing the company at $1.5 billion, according to sources cited by Bloomberg. The round was led by Brevan Howard Digital and Framework Ventures. The agency described the deal as a signal of renewed interest from venture investors in the cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11631,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1133],"class_list":["post-11632","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"46","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=11632"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/11632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/11631"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=11632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=11632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=11632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}