Cryptocurrency

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


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

Hybrid computing platform Boba Network has joined the “crypto unicorn” rankings after elevating $45 million in Series A funding, underscoring the funding enchantment of layer-2 scaling options.

The funding spherical had participation from a number of crypto-focused enterprise funds together with Infinite Capital, Hypersphere, 10X Capital, Hack VC, GBV, Sanctor Capital, Shima Capital, Kinetic Capital, IOST and ROK Capital. Contributions additionally got here from the Will Smith-led Dreamers VC, Paris Hilton’s M13 and several other crypto trade founders from tasks reminiscent of Origin Protocol, The Graph, FEI Labs and trade giants Crypto.com and Huobi.

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TVL on layer-2 scaling options has soared over the previous eight months. Supply: L2 Beat

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