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boba network
boba network company profile covering its platform overview, features, and milestones.
Company Info
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. |
FAQs
Company Details
Launch Date
Jan-2021
Contact Details
Palo Alto, United States
Social Media
Primary Category
- Blockchain Network
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| # | Investor Name | Investor Category | Funding Date | Funding Round | Invested By | Fund Raised |
|---|---|---|---|---|---|---|
 No Records data foundOops, it’s quiet here! No funding list yet. | ||||||
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