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Berachain's Buzzy Buildup
Published on Mar 28, 2024
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Sponsor: Consensus 2024 – 10 Years of Decentralizing the Future: Discovery, Dialogue and Dealmaking

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NEED TO KNOW
SBF Sentenced
  1. 👨‍⚖️ SBF gets 25 years. FTX founder Sam Bankman-Fried was sentenced to 25 years in prison by a Manhattan judge. He also was ordered to forfeit $11 billion.
  2. 🫠 Blobscriptions stress fees. The era of almost-free blobspace from Dencun is already over, as fees skyrocketed Wednesday due to the release of a new tool for creating blob inscriptions.
  3. 🥷 Prisma suffers $11.6M exploit. Liquid staking/restaking protocol Prisma Finance suffered an exploit but claims their mkUSD and ULTRA stablecoins are not at risk.
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TODAY IN MARKETS
The Great Memecoin Migration

📊 Movable memes. The fervor around memecoin mania shows no signs of slowing, but the emergence of shiny new tokens to ape has caused the battleground for attention to become increasingly competitive, threatening the dominance of existing projects. What plays are top memecoin communities making in hopes of recapturing the market’s attention?

Prices as of 6pm ET 24hr 7d
Crypto $2.66T ↗ 2.1% ↗ 6.4%
BTC $70,810 ↗ 2.5% ↗ 8.2%
ETH $3,564 ↗ 1.5% ↗ 2.1%
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ANALYSIS
Berachain's Higher Aspirations
Bankless Author: Arjun Chand

NFTs and memes are fundamental tenets of crypto culture. When combined together, they create a buzz that’s become the latest power move for marketing in crypto.

Enter Berachain: a prime example of using this go-to-market strategy to hit it big. It’s a story of how an NFT collection featuring stoned bears smoking weed sparked one of the most vibrant communities in crypto. 

But Berachain is not just about good vibes. They're hard at work building an EVM-compatible L1 that’s got everyone talking. Today, we’re unpacking how Berachain, almost by accident, has become one of the most eagerly awaited launches in the industry. Read on 👇


FRIEND & SPONSOR: CONSENSUS 2024

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LATEST POD
Crypto's Broken Moral Compass?

Does Crypto still stand for anything?

In today's episode of Bankless Takes we're exploring the current state of crypto's social layer. Are we in this for the right reasons? Or has crypto lost the plot?

Hear the full arguments 👇

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LEARN
What We're Reading
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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop this week. Did you miss out again?

Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 80 other crypto protocols in Airdrop Hunter waiting for you.

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