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Stepn x Adidas Genesis Sneakers: A New Era in Fitness

The Stepn x Adidas Genesis Sneakers Collection: A Revolutionary Partnership The fusion of the digital and physical worlds is more than a trend; it is a burgeoning reality. The recent collaboration between Stepn and Adidas exemplifies this transformative shift. With the launch of the Genesis Sneakers collection, both companies are poised to redefine the boundaries of fitness, fashion, and technology in lifestyle rewards. This partnership is not only groundbreaking but also sets the stage for future innovations in the ever-evolving landscape of fitness applications and digital assets. A New Era of Phygital Experiences Stepn, a pioneering move-to-earn FitTech app, has taken a bold leap by teaming up with a global powerhouse like Adidas. This collaboration signifies a pivotal moment in the fitness and lifestyle sector, as highlighted by Stepn CEO Shiti Manghani: Phygital Partnership : The merging of physical and digital assets marks a new direction for lifestyle rewards. Enhanced...
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Produced by Daniel Aharonoff & Mogul Media AI

Berachain Secures $100M to Redefine Blockchain Innovation

Berachain: A New Era in Blockchain Technology

The world of blockchain continues to evolve at an unprecedented pace, with innovative projects emerging to challenge established giants. Recently, Berachain, a new player in the field, has made waves by securing $100 million in Series B funding. This ambitious layer 1 blockchain built on Cosmos technology aims to redefine the landscape with its unique approach to liquidity and governance.

Key Highlights of Berachain's Funding Round

  • Funding Amount: $100 million raised in Series B funding.
  • Lead Investors: Brevan Howard Digital and Framework Ventures, alongside notable backers like Polychain Capital and Samsung Next.
  • Angel Investors: Includes Sandeep Nailwal, co-founder of Polygon, and Yat Siu, Chairman of Animoca Brands.
  • Investment Mechanism: Investors engaged through a SAFT agreement, allowing for future token exchanges.

Vision and Goals

Co-founder Smokey the Bera articulated the project's commitment to user-driven development, emphasizing the importance of feedback from both users and developers. The funds will be directed towards:

  • Economic Growth Initiatives: Aiming to strengthen the blockchain's financial ecosystem.
  • Engineering Resources: Enhancing technical capabilities to support future developments.
  • Global Expansion: Targeting markets in Hong Kong, Singapore, Southeast Asia, Latin America, and Africa.

What Sets Berachain Apart?

Berachain distinguishes itself with an EVM-compatible architecture and a novel proof of liquidity consensus mechanism. This system not only builds on the principles of proof of stake but also addresses its inherent limitations by incentivizing liquidity within the network.

How It Works

  • Native Tokens: Users provide liquidity using BERA tokens to earn Bera Governance Tokens (BGT).
  • Delegation Mechanism: BGT holders can delegate their tokens to validators, who are responsible for block production.
  • Governance and Rewards: Validators influence future BGT inflation and distribute rewards, termed 'bribes,' to delegators.

This innovative model fosters increased security through enhanced liquidity while decentralizing inflation and aligning the interests of all stakeholders.

Community and Market Impact

The Berachain community has rapidly gained recognition as one of the most vibrant in the crypto space. With the backing of prominent investors, the anticipation surrounding Berachain's upcoming mainnet launch is palpable. Vance Spencer from Framework Ventures expressed enthusiasm about the community's energy and their potential to shape the future of the chain.

From NFT Origins to Blockchain Vision

Originally conceived as an NFT project called Bit Bears, Berachain transformed into a full-fledged blockchain after cultivating a passionate community. The project's testnet, touted as the most utilized in blockchain history, processed over 1 million transactions within its first 48 hours, demonstrating significant interest and engagement.

Berachain is set to launch its mainnet this quarter, and with its innovative governance model and robust funding, it holds the promise of becoming a formidable contender in the blockchain ecosystem. The excitement surrounding this project serves as a reminder of the endless possibilities that lie ahead in the world of decentralized technology.

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