Berachain, a Layer-1 blockchain platform awaiting its mainnet debut, has successfully secured $100 million during its latest Series B investment round. This financial infusion aims to bolster the company’s global presence, with a special focus on areas such as Southeast Asia, Africa, and Latin America. The funding arrives at a crucial time as Berachain prepares to introduce its mainnet, which promises Ethereum-based application compatibility, in the upcoming quarter. The testnet phase has already shown promise by handling an impressive volume of transactions.
Investors Rally Behind Berachain’s Vision
A group of leading venture firms, including Framework Ventures and Brevan Howard Digital, spearheaded the Series B round. Alongside these key players were Hack VC, Animoca Ventures, and Polychain Capital, all of which demonstrated their confidence in Berachain’s strategy by investing through a simple agreement for future tokens (SAFT). Smokey The Bera, a founding partner at Berachain, expressed the fundraising round’s significance, noting it as a strong endorsement of the company’s user and developer-focused approach to blockchain technology.
Trump-Endorsed NFTs Experience Sales Downturn
Meanwhile, NFT collections bearing former President Donald Trump’s endorsement have seen a steep decline in sales, corresponding with the initiation of legal proceedings in New York. The demand for these NFTs has plummeted to the point where no sales have been registered since the start of April, despite a more successful second edition of the collection.
Entertainment Giant Dentsu Forays into NFT-Inspired Anime
In the realm of entertainment, advertising titan Dentsu has announced a significant partnership with Chiru Labs, creators of the Azuki NFT collection, to produce an anime series. This venture plans to feature characters from the Azuki NFTs and will incorporate businesses owned by NFT holders as part of the narrative. The anime series, titled “Enter The Garden,” aims to capitalize on the global anime phenomenon and is set to release episodes throughout 2024.
Insights from This Article
- Berachain’s $100 million raise signals robust investor confidence in its ambitious expansion and technology plans.
- The Trump NFT collection’s sales halt could suggest a fluctuation in market interest or potential legal complications.
- Dentsu’s collaboration with Chiru Labs indicates a growing intersection between traditional media and NFT-driven content creation.
These developments mark a dynamic weekend in the crypto sector, with significant financial moves, the interplay of politics and digital assets, and the bridging of traditional and digital realms in entertainment.
