Berachain raises $100 million in Series B funding round
Layer-1 blockchain Berachain has completed Series B investment and successfully raised US$100 million. The huge investment is aimed at supporting Berachain’s regional expansion activities and is led by venture capital firms Framework Ventures and Brevan Howard Digital. Well-known investors such as Hack VC, Animoca Ventures and Polychain Capital also participated in this round. With these funds, Berachain hopes to expand its market share in important regions such as South America, Southeast Asia, Africa, and Singapore.
Although Berachain has yet to announce its mainnet, it has made great progress on its development path. The blockchain’s testnet has processed a staggering 100 million transactions, demonstrating its scalability and resilience. Currently, Berachain is preparing for the launch of the mainline in the second quarter of this year. With its expanded functionality and interoperability, the mainnet is expected to be compatible with Ethereum-based applications.
The success of Series B financing shows the feasibility of Berachain’s blockchain development strategy. Alias co-founder “Smokey The Bera” noted the value of the rise and described it as an important confirmation of their approach. Berachain is committed to creating a blockchain ecosystem that successfully meets real-world needs by prioritizing feedback from developers and real users. Investors’ support for Berachain demonstrates its ability to benefit the blockchain industry.
Trump NFT market plummets amid legal action
While former U.S. President Trump was on trial in New York on criminal charges, the trading volume of non-fungible tokens (NFTs) related to him fell by an astonishing 99%. Trump Digital Trading Cards, one of the first NFTs to license the president’s image, has seen sales of its 45,000-card series plummet from once-buoyant levels. open sea Sales of the collection have dropped from hundreds of transactions per week in early February to just a handful since early February, data shows.
Despite being charged with 34 felonies, including falsifying company records, Trump maintains his innocence. Sales of the first series of NFTs were down, but the reissue of Trump NFTs has performed much better, with 966 copies sold in the past 30 days compared to just 16 copies of the original series, indicating that investor sentiment is changing. “Newsweek” reported that NFT International, LLC decided to stop the sale of Trump NFTs by 2024.
Dentsu and Chiru Labs team up to develop Azuki NFT animated series
Dentsua creative and advertising giant, with Qilu Laboratory, the folks behind the Azuki NFT series, venture into the world of Web3 entertainment. Characters from the Azuki NFT series will appear in a three-episode animated series called “Enter the Garden,” which Dentsu announced on April 11 that it plans to produce the series. Premieres on April 30th along with trailer.
The Azuki NFT collection features characters drawn in an anime style, allowing their owners to promote businesses such as tea shops and skate shops. Dentsu said the Azuki character will make a brief cameo in the animated series, and businesses owned by NFT holders will be seamlessly integrated into their products.
Yusuke Arai, head of Dentsu Animation operations, was excited about the relationship, highlighting the popularity of anime around the world and hinting that more joint ventures may be coming in the future.
Other news
After Nadeem Arjarwalla escaped from jail, Nigeria found Binance’s local senior executive in Kenya and initiated extradition proceedings.
Analysts say Hong Kong’s Securities and Futures Commission is expected to approve the first batch of spot Bitcoin ETFs on Monday, April 15, potentially triggering a post-halving price surge.
