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Boba

Boba

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Category: L2

Enya Labs

Enya Labs focuses on scaling and augmenting blockchain ecosystems by unlocking new opportunities with hybrid blockchain solutions. Their core technology, HybridCompute™, connects siloed Web2 data with Web3 protocols, decentralized applications, and smart contracts, bridging on-chain and off-chain ecosystems. This allows startups and projects to access data for use cases across DeFi, NFT, GameFi, and SocialFi, accelerating the adoption of Web3 dApps. Enya Labs is the team behind Boba Network, the first multichain Layer-2 network with HybridCompute™ smart contracts. Boba Network is an optimistic rollup deployed on Ethereum, Avalanche, BNB, and Fantom, offering transactions that are 40-100X cheaper than the respective layer-1. It brings the power of Web2 on-chain, allowing developers to leverage off-chain compute and real-world data to deliver enriched experiences for decentralized applications. Boba is the first scaling infrastructure deployed on multiple blockchains, making it a leading Web3 multichain execution layer.
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Boba Network

Boba Network is a multichain layer 2 optimistic rollup that aims to unlock the potential of rollup technology and enable interoperability between blockchains and the real world. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Ethereum and BNB, supporting lightning-fast transactions and lower fees. Boba is the first scaling infrastructure that is deployed on multiple blockchains, making it the leading Web3 multichain execution layer with scaling capabilities to facilitate more functionality on EVM-compatible blockchains. Key features include reduced fees (up to 100x cheaper), high throughput, HybridCompute™ for connecting to off-chain APIs, multichain support, a dual-fee token system, and security inherited from the underlying blockchain.
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Funding Rounds

Funding Round: Series A
Funding Date: 6 Apr, 2022
Raised Amount: $45M