Boba Network Valuation Hits $1.5B After $45M Series A Round2022/04/05 – 12:49 The layer-2 scaling solution’s first fundraise will allow it to address Ethereum’s “computational limitations” read more
Ethereum L2 Boba Network valued at $1.5B following Series A2022/04/05 – 12:15 In terms of adoption and TVL, layer-2 scaling solutions continue to lead the cryptocurrency industry by a wide margin. read more
Boba Network raises $45 million at a $1.5 billion valuation2022/04/05 – 12:00 Boba Network, an Ethereum Layer 2 scaling project, has raised $45 million in Series A funding at a $1.5 billion valuation. read more
Boba Network to Boost Ecosystem Growth with WAGMI v22022/04/01 – 7:23 One of the leading crypto projects Boba Network has announced that it is releasing WAGMI v2 today – a new …Read More…
- Major crypto-centric venture capitalist firms including IOST and ROK Capital participated in the investment round
- Boba’s market valuation rose to $1.5 billion thanks to the hefty cash inflow
The so-called next-gen Ethereum Layer-2 scaling protocol Boba has attained unicorn status after a bumper $45 million series A funding round closed on Tuesday. Following the close of the round, Boba is now valued at a staggering $1.5 billion.
Boba’s fundraise attracted investors from a plethora of firms interested in blockchain technology and the cryptocurrency industry.
Some participating VCs include Hypersphere, 10X Capital, Hack VC, GBV, Sanctor Capital, Shima Capital, and Kinetic Capital.
Hybrid Compute will scale Web3 development, enabling builders to deliver innovative products with greater functionality.
Chiu stressed that Boba’s capability to scale Ethereum’s network goes beyond optimizing transactional speed, bypassing latency, and mitigating high gas fees. According to the founder, expanding Ethereum’s computational limitations is the key to birthing the next iteration of smart contract operability.
Layer 2 Solutions Boom in TVL
Despite the ongoing uncertainty in the digital currency market, Layer 2 protocols have experienced massive growth since September 2021.
Back then, the total value locked (TVL) across all L2 solutions stood at approximately $1 billion.
Since then, data from on-chain aggregator L2 Beat records consistent growth and the TVL now hovers above $7.2 billion, almost 8x from last year.
The series saw participation from more than 400 investors, including Crypto.com, Huobi, and BitMart.
ERC20-supported deposits are effective immediately. Trading will begin at 4PM UTC on 30 June 2022, if liquidity conditions are met.
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For more information, please contact:
Katie Olver PR for Boba Network[email protected]
About Boba Network
Boba Network is a blockchain Layer-2 scaling solution and hybrid compute platform offering lightning-fast transactions and fees up to 60x less than Ethereum.
Boba’s Hybrid Compute brings the power of Web2 on-chain for the first time, allowing smart contracts to call any external Web2 API to execute complex algorithms such as machine learning classifiers, pull in real-world or enterprise data in a single atomic transaction, or sync with the latest state of a gaming engine.
INR, and BOBA/IDR.
Boba is an L2 Ethereum scaling & augmenting solution built by the Enya team as core contributors to the OMG Foundation. Boba is a next-generation Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts.
Boba offers fast exits backed by community-driven liquidity pools, shrinking the Optimistic Rollup exit period from seven days to only a few minutes, while giving LPs incentivized yield farming opportunities.
Boba’s extensible smart contracts will enable developers across the Ethereum ecosystem to build dApps that invoke code executed on web-scale infrastructure such as AWS Lambda, making it possible to use algorithms that are either too expensive or impossible to execute on-chain.
We’re building Boba in a way that puts our users and developers first.
Boba Network (BOBA) News
Bobascan Explorer Launched by Join Forces of Boba Network and Etherscan2022/07/06 – 12:00 By joining forces with Etherscan, Boba Network, the Layer-2 blockchain scaling solution, has launched Bobascan, a Boba-centric version of the read more
Ethereum Layer 2 Boba Network integrates with Fantom and Moonbeam2022/06/02 – 9:45 Until now, Boba had only existed on the Ethereum blockchain. read more
Ethereum Layer 2 Network Boba Closes $45 Million Series A Funding Round2022/04/06 – 11:02 Layer 2 solution Boba raises $45 million in Series A to expand blockchain and web3 infrastructure.
Boba Network price today is $0.551241 with a 24-hour trading volume of $10,042,637. BOBA price is up 1.0% in the last 24 hours. It has a circulating supply of 170 Million BOBA coins and a total supply of 500 Million.
If you are looking to buy or sell Boba Network, Bitbank is currently the most active exchange.
What was the highest price for Boba Network?
Boba Network hit an all time high of $7.93 on Nov 25, 2021 (8 months).
What was the lowest price for Boba Network?
Boba Network had an all time low of $0.264494 on Jun 14, 2022 (about 2 months).
What was the 24 hour trading volume of Boba Network?
The 24 hour trading volume of Boba Network is $10,042,637.
Where can Boba Network be traded?
You can trade Boba Network on Bitbank, Huobi Global, and Coinbase Exchange.
Status With $45M Raise2022/04/06 – 8:08 Boba Network, an Ethereum Layer 2 scaling solution utilizing optimistic rollups, has raised $45 million in Series A funding at a $1.5 billion valuation, giving the company the unique distinction of being labeled a unicorn. Latest Crypto Firm to Hit Unicorn Status Boba Network’s funding round saw close to 400 participants, including crypto exchanges such as Crypto, Huobi, and BitMart, as well as notable crypto funds such as Hypersphere, Infinite Capital, Hack VC, GBV, Alliance DAO, The Venture read more
Boba Network Raises $45 Million for Ethereum Scalability2022/04/05 – 16:51read more
Ecosystem expansion and $45M funding round boost Boba Network (BOBA) price by 30%2022/04/05 – 16:32 BOBA price booked a double-digit gain after a $45 million funding round and developer incentive program lured investors back to the network.
There are hundreds of billions of dollars tied up in the Ethereum blockchain, but while developers and security researchers have plenty of nice things to say about it, it’s no secret that the blockchain as built hasn’t exactly kept up with the times. This is part of the reason you read about layer 1 (L1) and layer 2 (L2) networks so often; VCs are making bets on competing L1 blockchains to take advantage of this deficit and L2 blockchains that sit on top of Ethereum are designed to improve the speed and price of transactions.
Boba is building out a so-called optimistic rollup L2, which essentially processes a number of transactions on the secondary chain while “optimistically” assuming that its outputted list of bundled transactions were all legitimate — while giving skeptical parties time to prove if any of those transactions were fraudulent and reverse them.
Boba Network, an Ethereum Layer 2 scaling project that utilizes optimistic rollups, has raised $45 million in Series A funding at a $1.5 billion valuation.
Investors included Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, Hack VC, Will Smith-led Dreamers VC and M13 Ventures (founded by Paris Hilton’s husband, Carter Reum). There was no lead investor for the round.
This was Boba’s first funding round and realized via a token sale, the project’s founder Alan Chiu told The Block.
Chiu declined to share the terms of the token sale, but it appears that investors bought the BOBA token at a higher price than its current market price of around $1.50.