Ethereum layer-2 scaling solution Boba Network has secured $70 million in capital commitments, reflecting heightened investor confidence in its blockchain infrastructure.
The funding milestone coincides with the network’s finalized token transfer agreement with the FTX Recovery Trust, enabling strategic allocation of assets recovered from FTX’s bankruptcy proceedings.
This dual development positions Boba Network as an increasingly competitive player within the decentralized finance ecosystem, leveraging fresh capital and repurposed assets to accelerate platform development and adoption.