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

2022.04.05 21:16

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

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.

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