Framework Ventures Co-Founder: Berachain Mainnet to Launch Before Year's End
On September 18th, Framework Ventures co-founder Vance Spencer stated at Token2049 in Singapore that Berachain's mainnet and token are slated for launch before the end of 2024.
Berachain's POL consensus mechanism introduces a fully aligned blockchain ecosystem by redirecting a portion of profits back to ecosystem participants. When users stake BERA, they are required to direct their earned liquidity toward these primitives, ensuring that all fees remain within the ecosystem. These fees are then distributed to BGT and BERA holders, fulfilling a key market desire.
Notably, on April 12th, the new public chain Berachain announced the completion of a $100 million Series B funding round, exceeding previously reported figures by approximately 45%. This round was co-led by the Abu Dhabi branch of Brevan Howard Digital and Framework Ventures, with participation from Polychain Capital, Hack VC, and Tribe Capital.