Boba Network raises $45M investments at $1.5B valuation

06.04.2022 08:27
by Artem Ustinov
1 min read

Boba Network raises $45M investments at $1.5B valuation

The Boba Network project, focused on second-tier solutions for scaling Ethereum, has raised $45 million. Investors have valued the Boba Network platform at $1.5 billion.

The Series A funding round was held in the form of a token sale of Boba Network. It was attended by Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, and VC led by Will Smith.

The founder of the Boba Network project said that the raised funds will allow to increase the team, provide grants to developers, and also intensify marketing efforts.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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