A groundbreaking layer-1 blockchain has successfully secured a nine-figure sum in a series B funding round that saw participation from technology giant Samsung and various crypto venture capital firms.

In an exciting development, Berachain (BERA), a blockchain platform focused on decentralized finance (DeFi), has announced that it raised an astonishing $100 million in its latest funding round. The round was led by Brevan Howard Digital and Framework Ventures.

Notable companies such as Samsung Next, HashKey Capital, Animoca Ventures, and Nomad Capital also made investments in Berachain.

Smokey The Bera, co-founder of Berachain, expressed his delight at the successful funding round and stated, “We see this raise as a significant validation of our approach to building a blockchain that is based on feedback from real users and developers, and that adds value to those who contribute to the network’s growth.”

According to the information available on Berachain’s website, the platform has been designed to possess some interoperability with Ethereum (ETH) smart contracts and tools. However, it is unable to replicate the entire Ethereum Virtual Machine (EVM) environment.

Berachain aims to provide a certain level of compatibility with ETH, making it easier to transfer applications and assets. While EVM-compatible chains may support Ethereum’s smart contract languages and tools to some extent, there may be differences in functionality, performance, or security features.

Berachain is an EVM-compatible layer-1 blockchain that is built on top of the Cosmos-SDK. It supports all the same tooling and operations as Ethereum, while also introducing additional functionality optimized for proof-of-liquidity and decentralized exchanges.

The blockchain will consist of three assets: the BERA token, which will be used for transactions on the chain; the BGT token, which will serve as the governance coin; and HONEY, the protocol’s collateralized stablecoin.

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