Boba network

About

Boba Network is an Ethereum Layer 2 blockchain powered by HybridCompute™. The network is designed for developers building hybrid blockchain applications that connect on-chain smart contracts with off-chain data and compute. Boba Network focuses on faster transactions, reduced fees, and improved scalability for decentralized applications. The platform supports features such as HybridCompute™, Account Abstraction, and dual-fee token payments using $BOBA or the protocol’s native currency. Boba Network also supports ecosystem growth through developer tools, accelerators, grants, and community programs. Key Features of Boba Network: • HybridCompute™ enables smart contracts to connect with off-chain APIs and compute systems. • Reduced transaction fees with costs up to 100x cheaper than the underlying blockchain. • High throughput improves transaction scalability for decentralized applications. • Account Abstraction supports smarter wallets and enhanced dApp usability. • Dual-fee token support allows network fees to be paid in $BOBA or the protocol’s native currency. • Boba Network is secured by the underlying blockchain infrastructure. • Developer-focused tools support hybrid dApp development, gaming tools, and ecosystem expansion. Boba Network Milestones: Year Key Achievements 2018 Early project development initiated by Enya Labs and the OMG Foundation. 2021 Beta testnet launched under the original project name “OMGX”. Official Boba Network Ethereum mainnet launch. $BOBA token airdrop distributed to OMG holders. 2022 Raised $45 million in Series A funding at a $1.5 billion valuation. Governance vote approved $BOBA for gas fees with a 25% discount. 2022–2023 Expanded Layer-2 scaling solutions to Avalanche, BNB Chain, Moonbeam, and Fantom Started quarterly token unlocks for the remaining 500 million supply. 2025 HybridCompute 2.0 launched with AI model interaction support. Thrive Boba Season 1 concluded after onboarding over 2,400 wallets. Boba Hub redesign launched with ERC-4337 smart account integration. Final token unlock completed with 100% supply in circulation. Secured $70 million commitment from Awaken Foundation and LDA Capital. Finalized settlement agreement with FTX Recovery Trust. Officially listed in the OP Superchain Index.

Funding

• Series ACrypto.com Arena4,50,00,00005 Apr 2022

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