The Scoop
Meet Berachain: a new Layer 1 born from a community built around bear NFTs
Aug 8, 2024
Smokey the Bera, co-founder of Berachain, discusses the fascinating journey from a cannabis-themed NFT collection to raising $100 million for a Layer 1 network. He delves into the concept of 'proof of liquidity' and how it incentivizes community engagement through governance tokens. The power of memetics is explored, revealing how meme culture drives collaboration and liquidity in crypto. Smokey shares insights on the competitive landscape of blockchain, emphasizing innovative partnerships and the transformative potential of Berachain's tech.
47:43
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Quick takeaways
- Berachain utilizes a unique 'proof of liquidity' consensus model that incentivizes users to contribute liquidity, aligning participation with network security.
- The community-building aspect of Berachain is deeply influenced by memetics, balancing humor and technical sophistication to engage diverse audiences.
Deep dives
The Origins of Aerochain
Aerochain, initially launched as a quirky NFT project called the Bong Bears Collection, began with a diverse community drawn from different segments of the crypto space. The collection consisted of bear-themed NFTs that captured interest from both casual collectors and advanced DeFi users. This unique blend laid the foundation for Aerochain's subsequent evolution, as holders were incentivized through unique tokenomics that encouraged community involvement and growth. The transition from an NFT project to a full-fledged layer one blockchain illustrates the innovative spirit that drives the founders and their response to evolving market demands.
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