{"id":59654,"date":"2022-04-05T20:25:35","date_gmt":"2022-04-05T17:25:35","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=59654"},"modified":"2025-09-04T23:02:53","modified_gmt":"2025-09-04T20:02:53","slug":"boba-network-raises-45-million-at-a-1-5-billion-valuation","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/boba-network-raises-45-million-at-a-1-5-billion-valuation\/","title":{"rendered":"Boba Network raises $45 million at a $1.5 billion valuation"},"content":{"rendered":"<p>The Boba Network project, focused on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">layer-2 solutions<\/a> for Ethereum scalability, raised $45 million. Investors valued the platform at $1.5 billion.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udce2\ud83d\udce2 Boba Network has closed a $45M Series A Round at $1.5b Valuation \ud83d\udce2\ud83d\udce2<\/p>\n<p>\u2022Close to 400 participants<br \/>\u2022Includes <a href=\"https:\/\/t.co\/b5kJgDGKgX\">https:\/\/t.co\/b5kJgDGKgX<\/a>, Huobi, M13, and others<br \/>\u2022Focus on scaling and ecosystem development<\/p>\n<p>More details: <a href=\"https:\/\/t.co\/sFf2p4jao5\">https:\/\/t.co\/sFf2p4jao5<\/a><\/p>\n<p>\u2014 Boba Network ($BOBA) (@bobanetwork) <a href=\"https:\/\/twitter.com\/bobanetwork\/status\/1511373884825772052?ref_src=twsrc%5Etfw\">April 5, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Series A round was conducted as a token sale. Participants included Crypto.com, Huobi, BitMart, Kinetic Capital, Infinite Capital, Hack VC, Dreamers VC led by Will Smith, M13 Ventures, and about 400 other investors.<\/p>\n<p>Founder Alan Chiu said the raised funds would be used to grow the team, provide grants to developers, and ramp up marketing efforts.<\/p>\n<p>The Boba Network mainnet launch took place on September 20, 2021. The project is developed by the Enya team, a member of the OMG Foundation. <\/p>\n<p>The protocol runs on <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-layer%e2%80%912-solution-in-blockchain\">layer-2 solutions<\/a> Optimistic rollups.<\/p>\n<p>As of writing, the <span data-descr=\"Total value locked (TVL)\" class=\"old_tooltip\">TVL<\/span> of the Boba Network platform stands at $171 million.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"991\" height=\"410\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Boba-Network.png\" alt=\"Boba Network raises $45 million at a $1.5 billion valuation\" class=\"wp-image-169424\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Boba-Network.png 991w, https:\/\/forklog.com\/wp-content\/uploads\/Boba-Network-300x124.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/Boba-Network-768x318.png 768w\" sizes=\"auto, (max-width: 991px) 100vw, 991px\" \/><figcaption>Data: <a href=\"https:\/\/l2beat.com\/\">L2BEAT<\/a>.<\/figcaption><\/figure>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/symbiosis-finance-announces-partnership-with-boba-network\">Symbiosis Finance signed a partnership with the Boba Network platform<\/a>.<\/p>\n<p>Subscribe to ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 the full news feed, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Boba Network project, focused on layer-2 solutions for Ethereum scalability, raised $45 million.<\/p>\n","protected":false},"author":1,"featured_media":59655,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[2305,1133],"class_list":["post-59654","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-boba-network","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=59654"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59654\/revisions"}],"predecessor-version":[{"id":59656,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/59654\/revisions\/59656"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/59655"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=59654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=59654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=59654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}