Trying to scale the Ethereum blockchain with layer two technology Boba Network After the new investment series, the project reached a valuation of 1.5 billion dollars.
Organized by Boba Network 45 million dollars In the Series A investment round Crypto.com, Huobi, BitMart Cryptocurrency exchanges such as; Hypersphere received investment from mutual funds such as Infinite Capital and investors such as Kinetic Capital.
Among many other investors who have invested in Boba Network, Founded by Will Smith Dreamers VC and Founded by Paris Hilton’s husband The names of the M13 also stand out.
Alan Chiu, founder and CEO of Boba Network, made the following statement after reaching a valuation of $1.5 billion:
“The fact that the vision and technology we’ve created has won the trust of so many investors has strengthened our belief that what we’re trying to do here is truly necessary and important. Hybrid Compute, The scaling of the work done in the Web3 space, the people behind them develop more useful products will provide.”
Hybrid Compute, developed by Boba, provides blockchain developers with Web2 APIs. access via smart contracts and so people providing a better user experience provides the opportunity.
It is currently locked on Boba Network’s platform, which was established in September of last year. $171 million cryptocurrencies exist. Boba plans to use the new funding he has received to grow his team.
According to Chiu’s statements to the press, the 45 million dollar investment is open to investors. by selling tokens taken and these transactions last year in the last quarter took place.