Berachain Raises $100M in Series B Funding, Trump NFT Sales Drop, and More

Berachain raises $100 million in Series B funding

Layer 1 blockchain Berachain has completed a Series B investment round, successfully raising $100 million. This large investment aims to support Berachain's regional expansion campaigns and was led by venture firms Framework Ventures and Brevan Howard Digital. Prominent investors including Hack VC, Animoca Ventures and Polychain Capital also contributed to the investment round. With the help of these funds, Berachain hopes to increase its market share in important regions such as South America, Southeast Asia, Africa, and Singapore.

Berachain has come a long way in its development path, although it has not yet revealed its mainnet. The blockchain testnet has already handled a staggering 100 million transactions, proving its scalability and resilience. Right now, Berachain is preparing for the second quarter of this year, when its mainnet goes live. With its expanded functionality and interoperability, the mainnet is expected to support ethereum-based applications.

The successful Series B fundraising round shows the viability of Berachain's strategy for blockchain advancement. “Smokey The Bera,” aka co-founder, noted the value of the increase and described it as a significant confirmation of his approach. Berachain seeks to create a blockchain ecosystem that successfully meets real-world needs by prioritizing feedback from real developers and users. Investor support for Berachain is a testament to its ability to benefit the blockchain sector.

Trump's nft Market Crashes Amid Legal Proceedings

Trading volume for non-fungible tokens (nfts) related to former US President Donald Trump has dropped by a staggering 99% as he stands trial on criminal charges in New York. Sales of the 45,000-card Trump Digital Trading Cards collection, which were the first licensed nfts featuring the president's image, have fallen significantly from their once-thriving level. twitter.com/opensea” target=”_blank” rel=”nofollow noopener”>Open sea The data shows that sales of the collection have fallen to a small figure since the beginning of March, from hundreds of weekly transactions in early February.

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Although he is charged with 34 felonies, including falsifying corporate records, Trump insists he is innocent. Sales of the first nft collection fell, but a reissue of Trump's nfts performed much better, with 966 sales in the last 30 days compared to just 16 sales of the original collection, suggesting that the state of Investor mood is changing. Newsweek reported that nft International, LLC decided to halt sales of Trump nfts until 2024. The test results will determine the future of the market, which could have an impact on investor dynamics and sentiment.

Dentsu and Chiru Labs work together on Azuki nft anime series

Dentsua creative and advertising giant, collaborated with Chiru Laboratories, the people behind the Azuki nft collection, to venture into the Web3 entertainment space. The characters in the Azuki nft collection will appear in a three-part anime series called “Enter The Garden,” which Dentsu announced plans to produce on April 11. To increase fan interest, the first episode of the series will premiere on April 30. along with a trailer.

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The Azuki nft collection features characters drawn in anime style, allowing its intellectual property rights owners to promote businesses such as tea shops and skateboard shops. Dentsu says that the Azuki characters will make brief cameos in the anime series and that the companies owned by the nft holders will be neatly placed on their products.

Dentsu's head of anime operations, Yusuke Nii, is excited about the relationship, emphasizing how popular anime is around the world and hinting that there may be more joint ventures in the future.

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