According to BlockBeats, Vance Spencer, co-founder of Framework Ventures, revealed at Token 2049 in Singapore that the Berachain mainnet and token plan will be launched by the end of 2024. Berachain's POL consensus mechanism creates a fully consistent blockchain ecosystem by returning part of the profits to ecosystem participants. When users stake BERA, liquidity is directed to primitives, and fees remain within the ecosystem, benefiting BGT and BERA holders.
In addition, Berachain announced on April 12 that it had completed a $100 million Series B financing round, 45% higher than previously reported. This round of financing was jointly led by Brevan Howard Digital and Framework Ventures, with participation from Polychain Capital, Hack VC and Tribe Capital.