Layer1 public chain Berachain announced today the launch of the Artio public test network. Berachain introduces the concept of “proof-of-liquidity” consensus, aiming to align incentives between security and liquidity. According to a statement, Berachain’s previous private testnet was hosted under non-disclosure agreements with multiple partners, and approximately 50 teams deployed the contract within a month. Berachain said: “There are currently more than 30 local teams building on Berachain, and more than 100 teams from other networks plan to deploy on the testnet and mainnet, including well-known brands such as Pendle, Redacted, Sudoswap, Abracadabra, etc.”
According to previous reports from Odaily, Berachain completed US$42 million in financing in April this year, led by Polychain Capital, OKX Ventures, Hack VC, Dao5, Tribe Capital, Shima Capital, Robot Ventures, Goldentree Asset Management, former partner of Dragonfly Capital, founder of Celestia Mustafa Al-Bassam, Tendermint co-founder Zaki Manian and 20 other DeFi project founders participated in the investment. (TheBlock)