Boba Network raises $45M at $1.5B valuation
- April 5, 2022
- 0
Focusing on second-tier solutions to scale Ethereum, the Boba Network project raised $45 million. Investors valued the platform at $1.5 billion. 📢📢 Boba Network closes $45M Series A
Focusing on second-tier solutions to scale Ethereum, the Boba Network project raised $45 million. Investors valued the platform at $1.5 billion.
📢📢 Boba Network closes $45M Series A Round with $1.5B Valuation 📢📢
• Nearly 400 participants
• Includes https://t.co/b5kJgDGKgX, Huobi, M13 and more
• Focus on scaling and ecosystem developmentMore details: https://t.co/sFf2p4jao5
— Boba Network ($BOBA) (@bobanetwork) April 5, 2022
The Series A funding round was conducted in the form of a token sale. The meeting was attended by Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, Hack VC, Dreamers VC led by Will Smith, M13 Ventures and nearly 400 other investors.
The founder of the project, Alan Chiu, said that the funds raised will allow to increase the team, provide grants to developers, as well as intensify marketing efforts.
The Main Boba Network was launched on September 20, 2021. The Enya project team, a member of the OMG Foundation, is working on the platform.
The protocol works on the basis of the second-level solution Optimistic aggregations.
while writing TVL The Boba Network platform is worth $171 million.
Previously, multi-chain liquidity protocol Symbiosis Finance has partnered with the Boba Network platform.
Source: Fork Log
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