{"id":426955,"date":"2022-04-05T19:15:00","date_gmt":"2022-04-05T16:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/ethereum-l2-boba-network-valued-at-1-5b-following-series-a\/"},"modified":"2022-04-05T19:15:00","modified_gmt":"2022-04-05T16:15:00","slug":"ethereum-l2-boba-network-valued-at-1-5b-following-series-a","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/ethereum-l2-boba-network-valued-at-1-5b-following-series-a\/","title":{"rendered":"# Ethereum L2 Boba Network valued at $1.5B following Series A"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d1f3fdb1be\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d1f3fdb1be\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/ethereum-l2-boba-network-valued-at-1-5b-following-series-a\/#%E2%80%9D_Ethereum_L2_Boba_Network_valued_at_15B_following_Series_A_%E2%80%9C\" >&#8221; Ethereum L2 Boba Network valued at $1.5B following Series A  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Ethereum_L2_Boba_Network_valued_at_15B_following_Series_A_%E2%80%9C\"><\/span>&#8221; Ethereum L2 Boba Network valued at $1.5B following Series A  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>Hybrid computing platform Boba Network has joined the \u201ccrypto unicorn\u201d rankings after raising $45 million in <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">Series<\/a> A funding, underscoring the investment <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eal of Ethereum layer-2 scaling solutions.\u00a0<\/p>\n<p>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\u2019s M13 and several crypto industry founders from projects such as Origin Protocol, The Graph, FEI Labs and exchange giants Crypto.com and Huobi.<\/p>\n<p>The Series A valued Boba Network at $1.5 billion, giving the company the unique distinction of being labeled a unicorn. In the startup world, a unicorn is a company that attains a valuation of at least $1 billion. The crypto industry crowned dozens of unicorns in 2021 as venture funds spent over $25 billion acquiring equity in emerging blockchain companies. <\/p>\n<p>Boba Network was built by Enya, a decentralized infrastructure provider, and launched in 2018. The project largely flew under the radar until the launch of its mainnet and BOBA governance token in September 2021. The BOBA token is intended to further the network\u2019s evolution as a decentralized autonomous organization, or DAO. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Mainnet live, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BOBA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$BOBA<\/a> token, Boba DAO &#8211; huge day for <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/bobanetwork?ref_src=twsrc%5Etfw\">@bobanetwork<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/BobaCommunity?ref_src=twsrc%5Etfw\">@BobaCommunity<\/a>! <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/8jSbVZWP3D\">https:\/\/t.co\/8jSbVZWP3D<\/a><\/p>\n<p>\u2014 Alan Chiu (,) (@alanchiu) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/alanchiu\/status\/1440006800020066306?ref_src=twsrc%5Etfw\">September 20, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<strong><em>Related: <\/em><\/strong><strong><em>Former Polychain GP unveils $125M crypto fund with DAO governance ambitions<\/em><\/strong><\/p>\n<p>Boba is described as a next-generation Ethereum Layer-2 scaling solution that aims to solve many of Ethereum\u2019s biggest pain points while also expanding its smart contract capabilities. Boba\u2019s developers said the funding will go toward expanding internal capacity and investing in ecosystem projects that leverage the expertise of Web3 industry leaders. <\/p>\n<p>While digital asset prices remain well off their previous highs, Ethereum layer-2 networks are gaining significant traction. The total value locked, or TVL, on such networks recently surpassed $7.2 billion, which is a new all-time high, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/l2beat.com\/\">according<\/a> to L2 Beat. The sector\u2019s TVL was less than $1 billion in September 2021. By comparison, the DeFi sector\u2019s TVL has yet to reclaim its all-time high from November. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-04\/a23e73f9-5fea-4b0c-b64d-9f188262a656.png\"><figcaption style=\"text-align: center;\"><em>TVL on layer-2 scaling solutions has soared over the past eight months. Source: L2 Beat<\/em><\/figcaption><\/figure>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/ethereum-l2-boba-network-valued-at-1-5b-following-series-a\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Ethereum L2 Boba Network valued at $1.5B following Series A &#8220; Hybrid computing platform Boba Network has joined the \u201ccrypto unicorn\u201d rankings after raising $45 million in Series A funding, underscoring the investment appeal of Ethereum layer-2 scaling solutions.\u00a0 The funding round had participation from several crypto-focused venture funds including Infinite Capital, Hypersphere, 10X&#8230;<\/p>\n","protected":false},"author":1,"featured_media":426956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvMmQ0MmMxMjQtYjA5Yi00ZTk3LTkwYzUtNWEzOWE1YTc5ZDYxLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[75719,95119,76341,117,71745],"class_list":["post-426955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-funding","tag-layer2","tag-scalability","tag-business","tag-venture-capital"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/426955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=426955"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/426955\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/426956"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=426955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=426955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=426955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}