Bear-Themed Blockchain Startup Berachain Raises $100M for Liquidity-Focused Mainnet Launch

• Pseudonymous founders with bear-themed names have raised $100M in funding for Berachain, an EVM-compatible layer-1 blockchain built on Cosmos SDK • Berachain uses a proof-of-liquidity consensus model that attempts to improve on proof-of-stake by incentivizing liquidity provision • Key investors include Brevan Howard Digital, Framework Ventures, Polychain Capital, Samsung Next, Hack VC, and Hashkey Capital • Berachain argues its model increases security and decentralizes inflation while aligning ecosystem incentives • Berachain plans to launch its mainnet this quarter after a popular testnet with over 300K users and 1M transactions in 48 hours