DeFi-Focused Layer 1 Berachain Raises $42M Series A at $420.69M Valuation

At the time, the team was inspired by the rebasing protocol OlympusDAO, which was rapidly gaining traction in the crypto community. In the fall of 2021, OlympusDAO’s OHM token traded at a high of $1,300. (It has since fallen to about $10 per OHM). Bong Bears followed in the footsteps of OlympusDAO, creating the first-ever collection of rebasing NFTs, which spawned several new collections – Bond Bears, Boo Bears, Baby Bears, Band Bears and Bit Bears.

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