Joins US$45M Raise for Boba Network - 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 /CNW/ - 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 Network, a 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.