TechFlow news, on September 18, according to Cointelegraph, Vance Spencer, co-founder of Framework Ventures, said at Token 2049 in Singapore that Berachain's upcoming token BERA could become Ethereum's next major competitor. Spencer explained: "The market is hungry for an economically aligned ecosystem, which is a key criticism of Ethereum. Berachain's POL mechanism may address this by returning a portion of profits to ecosystem participants."
Berachain plans to launch its mainnet before the end of 2024. The BERA token will serve as the network’s gas token, used to pay transaction fees and for staking to enhance network security. Spencer emphasized: "When you stake BERA, you must direct the liquidity you receive toward these primitives. All fees remain within the ecosystem and flow to BGT and BERA holders."
Previous report, on April 12, the new public chain Berachain announced it had completed a $100 million Series B funding round—approximately 45% higher than previously reported. The round was co-led by Brevan Howard Digital's Abu Dhabi branch and Framework Ventures, with participation from Polychain Capital, Hack VC, and Tribe Capital.
