The Boba Governance Foundation has announced a significant milestone with the raising of $70 million from Awaken Foundation and LDA Capital to further the development of Boba Network.
Capital Funding for Boba Network's Growth
The funds will be allocated to enhance the network's infrastructure and expand the developer community, with a focus on creating decentralized applications that incorporate artificial intelligence.
Strategic Partnerships and Their Significance
The collaboration with Awaken Foundation and LDA Capital highlights the importance of shared vision and expertise in accelerating Boba Network's growth. Both firms bring unique insights and networks essential for advancing the Boba ecosystem.
> "This funding will accelerate the development of the Boba Network ecosystem and attract top-tier talent," said Alan Chiu, CEO of Enya Labs.
Agreement with FTX Recovery Trust
The Boba Governance Foundation has executed an agreement with the FTX Recovery Trust, transferring all BOBA tokens held by the Trust to the Foundation. This reduces uncertainty surrounding the BOBA token and strengthens the Foundation's ability to support its development.
> "This agreement represents a momentous milestone for Boba Network," noted David Acutt, Director of the Boba Governance Foundation.
The capital raise and creation of strategic partnerships open new horizons for Boba Network, reinforcing its position as a leading platform for AI applications in the blockchain space.
