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Ethereum L2 Boba Network valued at $1.5B following Series A

Published 04/05/2022, 12:15 PM
Updated 04/05/2022, 02:00 PM
Ethereum L2 Boba Network valued at $1.5B following Series A
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Hybrid computing platform Boba Network has joined the “crypto unicorn” rankings after raising $45 million in Series A funding, underscoring the investment appeal of Ethereum layer-2 scaling solutions.

The funding round had participation from several crypto-focused venture funds including Infinite Capital, Hypersphere, 10X Capital, Hack VC, GBV, Sanctor Capital, Shima Capital, Kinetic Capital, IOST and ROK Capital. Contributions also came from the Will Smith-led Dreamers VC, Paris Hilton’s M13 and several crypto industry founders from projects such as Origin Protocol, The Graph, FEI Labs and exchange giants Crypto.com and Huobi.

TVL on layer-2 scaling solutions has soared over the past eight months. Source: L2 Beat

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