TechFlow news — Ethereum scaling solution Boba Network has announced the completion of a $45 million Series A funding round. The round was participated in by exchanges including Crypto.com, Huobi, and BitMart, as well as institutions such as Infinite Capital, Hypersphere, 10X Capital, Hack VC, GBV, Sanctor Capital, Shima Capital, Old Fashion Research, Kinetic Capital, IOST, and ROK Capital. There were nearly 400 participants in total, with a valuation of $1.5 billion.
Boba is an Ethereum Layer 2 scaling solution and hybrid compute platform designed to address many of Ethereum’s key pain points. Its hybrid compute functionality enables smart contracts to call any external Web2 API to execute complex algorithms—such as machine learning classifiers—fetch real-world or enterprise data within a single atomic transaction, or synchronize with the latest state of game engines.
