Ethereum Layer 2 Boba Network raises $45M at a $1.5B valuation - BitcoinEthereumNews.com
Ethereumएथेरियम लेयर 2 बोबा नेटवर्क $45B मूल्यांकन पर $1.5M बढ़ाता है04 / 05 / 2022बिटकॉइन एथेरियम समाचार Boba Network, an Ethereum Layer 2 scaling project that utilizes optimistic rollups, has raised $45 million in Series A funding at a $1.5 billion valuation. Investors included Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, Hack VC, Will Smith-led Dreamers VC and M13 Ventures (founded by Paris Hiltons husband, Carter Reum). There was no lead investor for the round. This was Boba‘s first funding round and realized via a token sale, the project’s founder Alan Chiu told The Block. Chiu declined to share the terms of the token sale, but it appears that investors bought the BOBA token at a higher price than its current market price of around $1.50. BOBAs current fully diluted valuation stands lower at about $740 million. Chiu said the round was closed in the fourth quarter of 2021 “when market conditions were more bullish.” BOBAs all-time high price was at around $8 in November. With fresh capital in hand, Boba plans to scale its team and bring more developers to its platform, said Chiu. The current headcount of Boba is over 30 people and Chiu plans to double the team by the end of