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- The Series A round values the company at US$1.5bn and assembles the brightest minds in Web3 to unlock Ethereum’s full potential
- Notable co-investors include Crypto.com, M13 and Hypersphere
TORONTO, April 5, 2022 /PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (NEO: DEFI) (GR: RMJR) (OTC:DEFTF), a technology company bridging the gap between traditional capital markets and decentralized finance, today announces that it participated in the $45 million Series A raise for Boba Networka Decentralized Autonomous Organization (DAO) and next-generation Ethereum Layer-2 Optimistic Rollup scaling solution. The Series A raise values the project at US$1.5bn. The funding will address Ethereum’s computational limitations and foster greater functionality for decentralized applications (dApps) through Boba’s Hybrid Compute platform.
The round saw notable participation from successful crypto funds such as Hypersphere Infinite Capital, Hack VC, GBV, Sanctor Capital, and Shima Capital, as well as those with strong regional networks like Kinetic Capital, Ghaf Capital, LD Capital, Old Fashion Research, Alphanonce , IOST, and ROK Capital. Other notable investors include the Dreamers VC (Will Smith and Keisuke Honda), M13 (Paris Hilton and Carter Reum), Tony Robbins, Joe Montanaand KSHMR.
Boba’s Hybrid Compute brings the power of Web2 on-chain for the first time, allowing smart contracts to call any external Web2 API to execute complex algorithms such as machine learning classifiers, pull in real-world or enterprise data in a single atomic transaction, or sync with the latest state of a gaming engine. Leveraging off-chain compute and real-world data, developers and creators can offer an enriched experience unlike anything else on the market today.
Boba’s Optimistic Rollup technology offers…
Full story available on Benzinga.com
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