Meet Berachain: a new Layer 1 born from a community built around bear NFTs

theblock.co 08/08/2024 - 16:14 PM

Episode 49 of Season 6 of The Scoop

Recorded with The Block’s Frank Chaparro and Berachain Co-Founder ‘Smokey the Bear’.

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Smokey the Bear is the pseudonymous co-founder of Berachain — a Layer 1 network that raised $100 million in a Series B back in April.

In this episode, Chaparro and Smokey discuss how memetics influences community building and unpack Berachain’s innovative ‘proof of liquidity’ consensus, where users earn governance tokens by contributing liquidity to the ecosystem.

OUTLINE

  • 00:00 Introduction
  • 04:42 Berachain Conception
  • 14:08 Ecosystem ‘Politics’
  • 15:58 The Power of Memetics
  • 20:31 Tri-Token Model
  • 27:43 Layer-1 “BD War”
  • 32:39 Smokey’s Inspiration
  • 35:02 Aligning Incentives
  • 39:17 Identifying Passion
  • 42:49 Berachain Roadmap

This episode is brought to you by our sponsor Polkadot

Polkadot is the blockspace ecosystem for boundless innovation. To discover more head to polkadot.network

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    Greed and Fear Index

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    Greed

    63