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.