What is Boba Network (BOBA)

1. Project Introduction
Boba Network is a Layer 2 scaling solution and hybrid compute platform offering fast transactions and low fees. Built on Optimistic Rollup technology developed by Optimism, Boba Network enhances smart contract functionality by enabling seamless interaction with existing Web2 systems. This allows dApp developers to integrate Web2 computational resources or databases into Web3 environments, such as AI models, advanced financial tools, game engines, and social media platforms. Originally launched as OMGX Network, Boba Network is the result of a collaboration between Enya Labs and OMG Network.
2. Team & Investment Info
Boba Network is developed by Enya Labs (formerly Enya.ai), an infrastructure provider specializing in multi-party computation services.
Alan Chiu – Co-founder, CEO of Enya Labs, serves on the Advisory Board of Stanford Graduate School of Business, Co-President of Stanford Angels & Entrepreneurs, Co-founder & VP of Product at Listo Unlimited. Holds an MS from Stanford Graduate School of Business.
Violet B. Abtahi – Co-founder, President of Enya Labs, Founder & CEO of Platonic Holdings, Board Member of Trustless Computing Association, Co-founder & Director at SynXspace, Founder & CEO of BleuSky Consulting, Co-founder & President of AYSANCO, and former Senior MD of Investor Relations at Venture Capital Properties.
Funding
April 2022 – Boba Network raised $45M at a $1.5B valuation in a Series A round led by Crypto.com, Huobi, BitMart, Hypersphere, Infinite Capital, Hack VC, GBV, Alliance DAO, The Venture City, Sanctor Capital, Shima Capital, DeFi Tech, 10X Capital, TRGC, and more.
3. Social Media URLs
X: https://x.com/bobanetwork
Telegram: https://t.me/bobanetwork
Discord: https://discord.com/invite/Hvu3zpFwWd
YouTube: https://www.youtube.com/@TheBobaNetwork?si=cQLAJ29V5-iNQ5s7
Medium: https://bobanetwork.medium.com/
4. Token Info
Token Symbol: BOBA
Total Supply: 500,000,000
Token Type: ERC-20, Boba Mainnet
https://etherscan.io/token/0x42bbfa2e77757c645eeaad1655e0911a7553efbc
https://bobascan.com/
Token Distribution:
Investors: 10%
Team: 20%
Airdrop: 28%
Treasury: 28%
Token unlock schedule:
29,979,550 tokens unlocked per quarter starting September 20, 2022
Final unlock scheduled for June 20, 2025
5. Related Links
Official Website: https://boba.network/
LinkedIn: https://www.linkedin.com/company/bobanetwork/
White Paper: https://docs.boba.network/
Other Info:
https://www.rootdata.com/Projects/detail/Boba%20Network?k=MTQwNg%3D%3D