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Ethereum L2 Boba Network valued at $1.5B following Series A -Breaking

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Ethereum L2 Boba Community valued at $1.5B following Collection A

Hybrid computing platform Boba Community has joined the “crypto unicorn” rankings after elevating $45 million in Collection A funding, underscoring the funding attraction of layer-2 scaling options.

The funding spherical had participation from a number of crypto-focused enterprise funds together with Infinite Capital, Hypersphere, 10X Capital, Hack VC, GBV, Sanctor Capital, Shima Capital, Kinetic Capital, IOST and ROK Capital. Contributions additionally got here from the Will Smith-led Dreamers VC, Paris Hilton’s M13 and a number of other crypto business founders from initiatives resembling Origin Protocol, The Graph, FEI Labs and trade giants Crypto.com and Huobi.

TVL on layer-2 scaling options has soared over the previous eight months. Supply: L2 Beat