Berachain's Mainnet and Token Launch Expected by End of 2024

Framework Ventures co-founder Vance Spencer announced at the Token 2049 conference in Singapore that Berachain's mainnet and token are slated to launch by the end of 2024. Spencer highlighted Berachain's POL consensus mechanism, which aims to create a fully aligned blockchain ecosystem by transferring some of the profits back to ecosystem participants.

"When users stake BERA, they must direct the resulting liquidity to these primitives. This ensures all fees remain within the ecosystem. They all flow back to BGT and BERA holders, which is what the market desires," Spencer explained.

It's worth noting that on April 12th, Berachain, a new public blockchain, announced the completion of a $100 million Series B funding round, exceeding the previously reported amount by approximately 45%. The 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, among others.