
Boba Network Hits $1.5B Valuation Following $45M Series A Funding Round
Boba Network has now entered unicorn status with a valuation more than $1.5 billion from a recent funding round without a lead investor.
$0.53
1H
-0.26%$0.0014
24H
-0.67%$0.0035
7D
-6.88%$0.0388
30D
29.3%$0.1192
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.
Boba Network aspires to be the People’s L2 that puts users and developers first. The goal is to build a pragmatic L2 that is the first step towards opening Ethereum to the next Billion users. Boba is an L2 Ethereum scaling & augmenting solution built by the Enya team as core contributors to the OMG Foundation.
Boba Network has now entered unicorn status with a valuation more than $1.5 billion from a recent funding round without a lead investor.
Boba Network looks to continually leverage the WAGMI incentives program via a newly-released V2 upgrade which offers fresh improvements.