Boba Network Secures $70M And Resolves BOBA Token Overhang With FTX Recovery Trust Deal
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  Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice. The Boba Governance Foundation is pleased to announce a significant advancement in AI-integrated blockchain innovation, having secured a $70 million investment from Awaken Foundation and LDA Capital. According to the team, this strategic funding will support the ongoing development and global expansion of Boba Network, a Layer-2 blockchain built to power decentralized applications (dApps) with advanced AI capabilities. Alongside this funding announcement, Boba Governance Foundation has also reached a significant agreement with the FTX Recovery Trust regarding the previously held BOBA tokens. This move clarifies a key area of uncertainty about the token’s future and strengthens the Foundation’s long-term dedication to ecosystem stability and growth. Funding to Drive Infrastructure, Ecosystem Growth, and AI Integration The $70 million commitment will be channeled into several strategic areas, including enhancing the network’s infrastructure for high-speed, secure transactions, expanding developer participation, and fostering the creation of next-generation AI-powered dApps. Advertisement
  Commenting on the funding, Alan Chiu, CEO of Enya Labs, a core contributor to Boba Network, said: “This funding will accelerate the development of the Boba Network ecosystem, attract top-tier talent, and drive the widespread adoption of Boba Network as a premier Layer-2 solution for AI-powered dApps. We are excited to collaborate with Boba Network partners to shape the future of the AI-powered, decentralized web.” Backing from Strategic Visionaries Awaken Foundation, a strong proponent of digital sovereignty and open-source infrastructure, expressed confidence in Boba Network’s distinctive potential. Its Director, Nattaphol Vimolchalao, remarked that Boba’s integration of smart contracts with off-chain AI computation represented a transformative…
Filed under: News - @ July 2, 2025 12:30 pm