Berachain has sparked a renaissance in the NFT world, garnering attention and stirring up excitement with its innovative approach to NFT collections. By integrating rebasing elements, reminiscent of OlympusDAO, within its NFT repertoire, Berachain has simply reimagined the concept of digital collectibles.
Among the driving forces behind Berachain's meteoric rise is its first collection, BongBears, which laid the groundwork for an entire series of rebased NFTs.
However, the intrigue of Berachain extends beyond its tantalizing NFTs. Built on the Cosmos Layer 1 with Polaris VM and a novel Proof of Liquidity consensus mechanism, Berachain promises not just digital collectibles but a robust ecosystem that is primed for scalability, accessibility, and security.
At the core of Berachain's ecosystem lie three tokens: $BERA, the gas token; $HONEY, the stablecoin; and $BGT, the governance token. Together, they provide a unique platform that caters to the varying needs of the blockchain user, balancing power and participation in an innovative way.
Triumvirate of tokens
Berachain’s triumvirate of tokens separates gas and governance, thereby empowering its users rather than diluting their influence as the network grows. This innovative model allows users to accumulate governance power as they continue to use the network, solving a problem that has plagued many Layer 1 chains. From attracting significant liquidity to cultivating a burgeoning community, Berachain’s ecosystem stands out among other Layer 1/Layer 2 solutions. And with its recent funding success – a whopping $42 million raise at a $420 million valuation, Berachain has solidified its spot as one of the most promising projects.
Additionally, Berachain’s bustling community fosters a culture of collaboration and innovation, which is fundamental for the success of any development project.
The flywheel effect
Moreover, Berachain's approach to solving fractionalized liquidity and its growth potential, coupled with the promise of immense liquidity from day one, make it a promising platform for us to build on. The flywheel effect brought about by $BERA and its relationship with $BGT offers an advantageous position to developers and users alike. Beginning life as a Cosmos Layer 1 blockchain, Berachain took a sidestep into the Ethereum ecosystem with its EVM compatibility, a strategic move enabling it to comfortably host Ethereum-based dApps and smart contracts.
The tale of Berachain is still being written, and it promises to be a thrilling saga.
Berachain is an innovative, high-performance blockchain infrastructure that operates on the Cosmos SDK and is fully compatible with the Ethereum Virtual Machine (EVM). It's a young and dynamic team of world-class experts in computer science, type theory, economic game theory, risk management, and enterprise development. The team members bring in a wealth of experience in building and scaling technology teams from top companies such as Apple, Coinbase, IBM, and Y-Combinator, combined with a deep understanding of the crypto landscape from some of the most impactful DeFi protocols.
They share a common passion for Web3, Toybox, and the democratization of decentralized finance. Based in Toronto, the core engineering team is dedicated to developing cutting-edge infrastructure to make decentralized finance accessible to everyone. They are well-funded by leading digital asset investors, hedge funds, centralized exchange venture arms, and strategic angels.
We played around with the local testnet the day it launched, and we will be exploring collabs going forward with this community of degens and gigabrains.