Track market-moving stories before they get noisy

San Franciso, united states, October 17th, 2024, Chainwire

Boba Network, a leader in multichain layer-2 scaling solutions, in collaboration with Thrive Protocol launched the Thrive Boba Ecosystem Grants, a program aimed at empowering developers, entrepreneurs, and creators building on Boba. This initiative offers $200,000 in BOBA tokens for projects that drive on-chain activity and expand the Boba ecosystem. Applications are open through October 8, 2024.

Program Overview and Eligibility Thrive Boba Ecosystem Grants provide eligible projects with funding between $10,000 and $35,000 in BOBA tokens. Open to both individuals and teams, the program seeks projects within Decentralized Finance (DeFi), Gaming, and Generative AI.

Applicants are asked to outline three critical milestones for their projects, which will guide the phased release of grant funding:

Milestone 1 & 2: Upon completion and verification of each milestone, recipients receive 15% of their total grant. Milestone 3: Successful completion and verification of the final milestone unlocks 70% of the grant. Key Dates for Thrive Boba Season 1

Application Deadline: October 31, 2024 Notification of Grant Awards: November 19, 2024 Project Completion Proof Submission: February 25, 2025 Season 1 Ends: February 27, 2025 Grant Disbursement: Approximately two weeks after Season 1 ends Application Process and Requirements Applicants can submit their grant applications through the official Thrive Boba platform at https://thriveboba.com by October 31, 2024. To qualify, participants must join the Thrive Protocol Discord, connect their wallet (eligible for grant funds), and link their X/Twitter and GitHub accounts.

The Thrive Boba Ecosystem Grants program is an essential step forward in Boba’s mission to help developers build the best dapps possible,” said Alan Chiu, Co-founder of Boba Network. “We are excited to see developers and entrepreneurs leverage Boba’s technology such as HybridCompute to drive innovation in the Web3 ecosystem.”

“By partnering with Boba, Thrive Protocol aims to encourage builders who are shaping the future of decentralized applications,” added Daniel Jacobs, Thrive Protocol CEO. “This grant initiative will empower participants to create meaningful impact across key areas like DeFi, Gaming, and AI on Boba.”

About Boba Network

Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of roll-up technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Ethereum, and BNB, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by HybridCompute™ technology that brings the power of Web2 on-chain, with smarter smart contracts that allow visionary developers to leverage off-chain compute and real-world data to build hybrid dapps that connect people to the future of blockchain applications.

Website: https://boba.network

Twitter: @bobanetwork

LinkedIn: https://www.linkedin.com/company/bobanetwork/

Contact Marketing Manager
Gian Kim
Enya Labs
[email protected]

Disclaimer: This is a Press Release provided by a third party who is responsible for the content. Please conduct your own research before taking any action based on the content.

[PRESS RELEASE – San Franciso, United States, October 17th, 2024]

Boba Network, a leader in multichain layer-2 scaling solutions, in collaboration with Thrive Protocol launched the Thrive Boba Ecosystem Grants, a program aimed at empowering developers, entrepreneurs, and creators building on Boba. This initiative offers $200,000 in BOBA tokens for projects that drive on-chain activity and expand the Boba ecosystem. Applications are open through October 8, 2024.

Program Overview and Eligibility Thrive Boba Ecosystem Grants provide eligible projects with funding between $10,000 and $35,000 in BOBA tokens. Open to both individuals and teams, the program seeks projects within Decentralized Finance (DeFi), Gaming, and Generative AI.

Applicants are asked to outline three critical milestones for their projects, which will guide the phased release of grant funding:

Milestone 1 & 2: Upon completion and verification of each milestone, recipients receive 15% of their total grant. Milestone 3: Successful completion and verification of the final milestone unlocks 70% of the grant. Key Dates for Thrive Boba Season 1

Application Deadline: October 31, 2024 Notification of Grant Awards: November 19, 2024 Project Completion Proof Submission: February 25, 2025 Season 1 Ends: February 27, 2025 Grant Disbursement: Approximately two weeks after Season 1 ends Application Process and Requirements Applicants can submit their grant applications through the official Thrive Boba platform at https://thriveboba.com by October 31, 2024. To qualify, participants must join the Thrive Protocol Discord, connect their wallet (eligible for grant funds), and link their X/Twitter and GitHub accounts.

The Thrive Boba Ecosystem Grants program is an essential step forward in Boba’s mission to help developers build the best dapps possible,” said Alan Chiu, Co-founder of Boba Network. “We are excited to see developers and entrepreneurs leverage Boba’s technology such as HybridCompute to drive innovation in the Web3 ecosystem.”

“By partnering with Boba, Thrive Protocol aims to encourage builders who are shaping the future of decentralized applications,” added Daniel Jacobs, Thrive Protocol CEO. “This grant initiative will empower participants to create meaningful impact across key areas like DeFi, Gaming, and AI on Boba.”

About Boba Network

Boba Network is an optimistic-based multichain layer-2 scaling solution that aims to unlock the potential of roll-up technology and enable more flexible blockchain communication. The protocol is fully compatible with EVM-based tools and has already deployed multichain support for Ethereum, and BNB, supporting lightning-fast transactions and fees anywhere from 40-100X less than the respective layer-1. Boba Network is powered by HybridCompute™ technology that brings the power of Web2 on-chain, with smarter smart contracts that allow visionary developers to leverage off-chain compute and real-world data to build hybrid dapps that connect people to the future of blockchain applications.

Website: https://boba.network

Twitter: @bobanetwork

LinkedIn: https://www.linkedin.com/company/bobanetwork/

San Francisco, United States, January 22nd, 2025, Chainwire

Boba Network has announced the integration of Nucleus, a protocol designed for blockchain networks. This collaboration enables users bridging ETH, Liquidity Staking Tokens (LSTs), or Liquidity Reward Tokens (LRTs) to the Boba Network to engage with Ethereum mainnet functionalities while accessing various DeFi protocols, gaming platforms, and NFT marketplaces

The partnership aligns with Boba Network’s focus on scalability and user-focused development. The integration of Nucleus expands Boba Network’s ecosystem offerings, highlighting advancements in cross-chain functionality and composable infrastructure.

Enhancing Results Through Cohesion

ETH, LSTs, or LRTs bridged to Boba Network are integrated into the network’s system, facilitating seamless interaction with decentralized applications. This approach aims to optimize user engagement without additional complexity. This version removes promotional language and references to financial benefits, focusing solely on functionality. Frictionless Cross-Chain Operations Secure interchain messaging protocols connect Ethereum Mainnet and Boba Network, enabling efficient yield aggregation. The flow of assets and rewards benefits from streamlined coordination between chains. Composable Infrastructure Smart contracts empower cross-chain deposits, withdrawals, and liquidity management. This allows developers to build robust decentralized applications that incorporate Nucleus’s functionality without added complexity. Boba Network as a Foundation for Innovation

Boba Network’s advanced capabilities support Nucleus’s goal of integrating core functionalities into blockchain ecosystems.

HybridCompute™ Off-chain data computation at scale lowers costs and boosts performance for yield-bearing protocols. Account Abstraction Simplified user interactions reduce onboarding barriers and enhance overall accessibility. Low Transaction Costs Lower fees support high-volume user participation and provide a cost-effective environment for dApp developers. This synergy bolsters ecosystem capabilities, drives the adoption of decentralized technology, and sets the stage for new market opportunities.

Aligning with Nucleus’s Mission

By deploying on Boba Network, Nucleus aims to integrate core functionality across multiple crypto networks. This approach supports ecosystem participation by leveraging Boba Network’s features, including speed, cost-efficiency, and access to a range of decentralized applications.

What the Integration Brings

For Users: Convenient access to a variety of applications within the Boba Network ecosystem. For Developers: Tools and resources for integrating advanced features into decentralized applications to support innovative product development. For Ecosystems: Increased network activity supported by integrated functionalities, contributing to the ongoing development of blockchain technology. Setting a New Standard for Blockchain Networks

The collaboration between Nucleus and Boba Network aims to integrate advanced network functionalities as a core feature rather than an additional option. This integration seeks to enhance the accessibility and utility of blockchain technology, supporting broader adoption and facilitating advancements in decentralized finance and related fields.

Users can learn more about Nucleus on Boba Network and experience how this integration is redefining blockchain networks.

About Nucleus

Nucleus is a protocol designed to integrate core functionalities at the foundational layer of blockchain ecosystems. By streamlining cross-chain operations and providing developers with tools for integrating advanced features, Nucleus aims to enhance how users interact with Web3 technologies.

About Boba Network

Boba Network is a multichain Layer 2 solution designed for scalability, low transaction costs, and enhanced developer capabilities. Through innovations such as HybridCompute™ and account abstraction, Boba Network supports diverse dApps spanning DeFi, gaming, and NFTs, aiming to bring the next wave of users into the blockchain space.

Website: https://boba.network

Twitter: @bobanetwork

LinkedIn: https://www.linkedin.com/company/bobanetwork/

Contact Marketing Manager
Gian Kim
Enya Labs
[email protected]

[PRESS RELEASE – San Francisco, United States, February 3rd, 2025]

Today, Boba Network introduces a new approach to decentralized finance (DeFi), featuring a self-reinforcing “flywheel loop” that connects minting, liquidity provision, trading, lending, and staking.

The core components—Nucleus, Teahouse, OkuTrade, LendLand, and Lynx—operate in tandem. Users begin by minting bobaETH with WETH on Nucleus. BobaETH can then be deployed in Teahouse liquidity pools, creating deeper markets for exchanges on OkuTrade. Traders can acquire more BobaETH on these markets, while LendLand provides lending and borrowing services around the same asset. Lynx offers further trading options, allowing users to seek additional returns.

The “flywheel loop” describes how each service feeds into the next. Liquidity provision on Teahouse creates favorable trading conditions on OkuTrade, which in turn boosts fees for liquidity providers. LendLand’s capital efficiency model opens up opportunities to borrow or lend BobaETH, and Lynx adds a trading platform for various strategies. Any realized gains flow back into minting or staking, perpetuating a cycle that aims to amplify the ecosystem’s overall growth.

As part of the rollout, the first monthly tranches of Boba tokens are earmarked specifically for Ion/Nucleus’ WETH Staking. Additional reward programs with other partner protocols are expected to follow. These incentives are designed to encourage participation and establish a foundation for further expansion of DeFi on Boba Network.

More information about the integrated DeFi ecosystem on Boba Network, technical documentation, and partnership details are available on official channels.

About Boba Network

Boba Network is a multichain Layer 2 solution designed for scalability, low transaction costs, and enhanced developer capabilities. Through innovations such as HybridCompute™ and account abstraction, Boba Network supports diverse dApps spanning DeFi, gaming, and NFTs, aiming to bring the next wave of users into the blockchain space.

Website: https://boba.network

Twitter: @bobanetwork

LinkedIn: https://www.linkedin.com/company/bobanetwork/

July 1, 2025 – Grand Cayman, Cayman Islands

Boba Governance Foundation today announced a significant milestone with a $70 million capital commitment secured from Awaken Foundation and LDA Capital to fund the continued development and ecosystem expansion of Boba Network, the leading layer-two blockchain for AI-powered DApps (decentralized applications), enabled by its unique HybridCompute technology. The foundation also announced an agreement with FTX Recovery Trust regarding the BOBA tokens held by the trust.

The $70 million capital infusion will serve as a catalyst for Boba Network’s ambitious growth plans.

The funding will be strategically allocated to bolster the network’s core infrastructure, expand its developer ecosystem and foster the creation of innovative DApps (decentralized applications) on the platform, with a particular focus on enabling AI-powered DApps.

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-two solution for AI-powered DApps.

“We are excited to collaborate with Boba Network partners to shape the future of the AI-powered, decentralized web.”

David Acutt, director of Boba Governance Foundation, said,

“This substantial capital commitment from Awaken Foundation and LDA Capital is a testament to the transformative potential of Boba Network.”

Awaken Foundation – a key advocate for decentralized infrastructure and digital sovereignty – sees Boba Network as a critical component in the next phase of Web 3.0 evolution.

Nattaphol Vimolchalao, director at Awaken Foundation, said,

“We are thrilled to support the Boba Governance Foundation in its pursuit of open innovation.

“Boba’s ability to connect smart contracts with off-chain computation – especially AI – unlocks enormous potential across industries.”

LDA Capital, known for backing high-growth tech ventures and digital asset ecosystems, echoed that sentiment.

Warren Baker, managing partner at LDA Capital, said,

“Boba Network is building essential infrastructure for the future of decentralized computation.

“We believe Boba will play a pivotal role in scaling the next generation of intelligent DApps, and we’re proud to support their mission as they push the boundaries of what’s possible in blockchain technology.”

The strategic partnership with Awaken Foundation and LDA Capital goes far beyond financial support. It represents a powerful alignment of vision, expertise and global reach.

Leveraging deep industry knowledge, business development capabilities and an extensive network of strategic partners, both firms are uniquely positioned to accelerate Boba Network’s growth.

This collaboration is set to strengthen Boba’s leadership in blockchain innovation and drive its next phase of global expansion.

In addition, LDA Capital offers differentiated value through LDA Velocity, its institutional-grade liquidity and market-making platform that supports healthy, scalable token ecosystems across global exchanges.

Key areas of investment Infrastructure enhancement – The funding will be used to strengthen Boba Network’s infrastructure, ensuring high throughput, low latency and robust security for users and developers. Ecosystem expansion – A portion of the capital will be dedicated to expanding the Boba Network ecosystem by attracting developers, projects and users through grants and educational initiatives. DApp development – The funding will support the creation of innovative DApps on Boba Network, with a strong emphasis on AI-powered DApps, ranging from DeFi (decentralized finance) protocols to RWA (real-world asset) applications. Community engagement – Boba Governance Foundation will continue to foster a vibrant and engaged community by providing resources, support and opportunities for collaboration. Resolution with FTX Recovery Trust In addition, Boba Governance Foundation has executed an agreement with FTX Recovery Trust whereby all the BOBA tokens held by the trust have been transferred to the foundation.

FTX Recovery Trust – in addition to other consideration and mutual release of claims – received the right to purchase up to approximately 29.4 million BOBA tokens from Boba Governance Foundation at $0.09 per token within the next 18 months.

Acutt added,

“This agreement represents a momentous milestone for Boba Network, as it removes a major source of uncertainty over the BOBA token and strengthens the foundation’s ability to support the continued development of Boba Network and its ecosystem.”

About Boba Governance Foundation Boba Governance Foundation is a non-profit organization dedicated to the advancement and growth of Boba Network.

It supports the development of the network’s technology, fosters community engagement and promotes the adoption of Boba Network across various industries.

Boba Network is the leading layer-two blockchain for AI-powered DApps, enabled by its unique HybridCompute technology.

About Awaken Foundation Awaken Foundation is a private investment firm founded by seasoned crypto, venture capital and public market investors.

The firm seeks to invest in established blockchain protocols to help further develop its technology.

Awaken provides strategic capital, accelerated business development and engineered exits for protocols that Awaken believes have a promising future in the modern economy.

Users can visit awakenfoundation.xyz for more info.

About LDA Capital LDA Capital is a global alternative investment group with expertise in cross-border transactions worldwide.

The team has collectively executed over 350 transactions in both the public and private middle markets across 43 countries with aggregate transaction values of over $11 billion.

LDA’s investment activities across Web 3.0 include over 27 transactions totaling more than $400 million in capital commitments.

Users can learn more at ldacap.com.

Contact Press, Boba Network

 

Grand Cayman, Cayman Islands, July 1st, 2025, Chainwire

Boba Governance Foundation today announced a significant milestone with a $70 million capital commitment secured from Awaken Foundation and LDA Capital to fund the continued development and ecosystem expansion of Boba Network, the leading Layer-2 blockchain for AI-powered decentralized applications (dApps), enabled by its unique HybridCompute technology. The Foundation also announced an agreement with FTX Recovery Trust regarding the BOBA tokens held by the Trust. 

The $70 million capital infusion will serve as a catalyst for Boba Network’s ambitious growth plans. The funding will be strategically allocated to bolster the network’s core infrastructure, expand its developer ecosystem, and foster the creation of innovative decentralized applications (dApps) on the platform, with a particular focus on enabling AI-powered dApps.

“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,” said Alan Chiu, CEO of Enya Labs, a core contributor to Boba Network.”

“This substantial capital commitment from Awaken Foundation and LDA Capital is a testament to the transformative potential of Boba Network,” said David Acutt, director of Boba Governance Foundation.

Awaken Foundation, a key advocate for decentralized infrastructure and digital sovereignty, sees Boba Network as a critical component in the next phase of Web3 evolution.

“We are thrilled to support the Boba Governance Foundation in its pursuit of open innovation,”said Nattaphol Vimolchalao, Director at Awaken Foundation. “Boba’s ability to connect smart contracts with off-chain computation—especially AI—unlocks enormous potential across industries.”

LDA Capital, known for backing high-growth tech ventures and digital asset ecosystems, echoed that sentiment.

“Boba Network is building essential infrastructure for the future of decentralized computation,” said Warren Baker, Managing Partner at LDA Capital. “We believe Boba will play a pivotal role in scaling the next generation of intelligent dApps, and we’re proud to support their mission as they push the boundaries of what’s possible in blockchain technology.”

The strategic partnership with Awaken Foundation and LDA Capital goes far beyond financial support. It represents a powerful alignment of vision, expertise, and global reach. Leveraging deep industry knowledge, business development capabilities, and an extensive network of strategic partners, both firms are uniquely positioned to accelerate Boba Network’s growth. This collaboration is set to strengthen Boba’s leadership in blockchain innovation and drive its next phase of global expansion. In addition, LDA Capital offers differentiated value through LDA Velocity, its institutional-grade liquidity and market-making platform that supports healthy, scalable token ecosystems across global exchanges.

Key Areas of Investment

Infrastructure Enhancement: The funding will be used to strengthen Boba Network’s infrastructure, ensuring high throughput, low latency, and robust security for users and developers. Ecosystem Expansion: A portion of the capital will be dedicated to expanding the Boba Network ecosystem by attracting developers, projects, and users through grants and educational initiatives. dApp Development: The funding will support the creation of innovative dApps on Boba Network, with a strong emphasis on AI-powered dApps, ranging from decentralized finance (DeFi) protocols to real-world assets (RWA) applications. Community Engagement: Boba Governance Foundation will continue to foster a vibrant and engaged community by providing resources, support, and opportunities for collaboration. Resolution with FTX Recovery Trust

In addition, Boba Governance Foundation has executed an agreement with FTX Recovery Trust whereby all the BOBA tokens held by the Trust have been transferred to the Foundation. FTX Recovery Trust, in addition to other consideration and mutual release of claims, received the right to purchase up to approximately 29.4M BOBA tokens from Boba Governance Foundation at $0.09 per token within the next 18 months.

“This agreement represents a momentous milestone for Boba Network, as it removes a major source of uncertainty over the BOBA token and strengthens the Foundation’s ability to support the continued development of Boba Network and its ecosystem,” said Acutt.

About Boba Governance Foundation

Boba Governance Foundation is a non-profit organization dedicated to the advancement and growth of Boba Network. It supports the development of the network’s technology, fosters community engagement, and promotes the adoption of Boba Network across various industries. Boba Network is the leading Layer-2 blockchain for AI-powered decentralized applications (dApps), enabled by its unique HybridCompute technology.

About Awaken Foundation

Awaken Foundation is a private investment firm founded by seasoned crypto, venture capital, and public market investors. The firm seeks to invest in established blockchain protocols to help further develop its technology. Awaken provides strategic capital, accelerated business development, and engineered exits for protocols that Awaken believes have a promising future in the modern economy.

Users can visit awakenfoundation.xyz for more info. 

About LDA Capital

LDA Capital is a global alternative investment group with expertise in cross-border transactions worldwide. The team has collectively executed over 350 transactions in both the public and private middle markets across 43 countries with aggregate transaction values of over USD $11 billion. LDA’s investment activities across Web3 include 27+ transactions totaling $400m+ in capital commitments.

Users can learn more at ldacap.com

Contactpress contact
[email protected]

This article is not intended as financial advice. Educational purposes only.

AUTHOR

Chainwire is The Leading Blockchain and Crypto Newswire and Press Release Distribution Service That Maximize Crypto News Coverage.

Table of contents

Token Terminal, a popular on-chain data and analytics platform, has partnered with Boba Network, a L2 multichain scaling platform. The partnership is aimed at improving on-chain insights and honest stakeholder reporting. As revealed by Token Terminal in an exclusive X thread, the partnership attempts to benchmark the performance of Boba Network in an accurate and fair manner while permitting fine stakeholder decision-making. Thus, the development is anticipated to bolster transparency, fortify investor confidence, and indicate the competitive status of Boba Network.

🆕📊 @bobanetwork enters into a Data Partnership with Token Terminal.

▪️ Boba Network is a high-performance EVM blockchain that combines speed, incentives, and world-class infrastructure.

▪️ The project has raised $115m in venture capital funding, and its contributors have… pic.twitter.com/W1PMEugFPt

— Token Terminal @ TOKEN2049 🇸🇬 (@tokenterminal) September 30, 2025 Token Terminal and Boba Network Partner to Enhance On-Chain Data Availability Token Terminal and Boba Network’s partnership is focused on enhancing on-chain data and analytics while also improving transparency in stakeholder reporting. In this respect, Boba Network operates as an EVM-compatible and efficient blockchain with a $115M in its venture capital. In its collaboration with Token Terminal, it is leveraging its expertise when it comes to the standardization of blockchain data and offering resilient metrics for the L2 ecosystem.

Apart from that, the Token Terminal has established a devoted data pipeline with the development of a robust node infrastructure to benefit Boba Network. The respective system allows the consistent on-chain data extraction for subsequent transformation into L2-focused usage and financial metrics. With this procedure, Token Terminal has also started listings for diverse applications operating on Boba, fortifying visibility for ecosystem projects.

Driving Blockchain Transparency and Data Supply to Build User Trust According to Token Terminal, the main objective of the partnership with Boba Network is the current data maintenance. This is very critical in a swiftly evolving multi-application and multi-chain environment. Keeping this in view, the duo plans to delve into personalized dashboards for the ecosystem specific and project-specific requirements. Overall, such endeavors will deliver thorough insights into the wider on-chain performance, financial health and consumer activity.

AUTHOR

Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.

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