The Boba blockchain network has recently received a funding commitment of 70 million USD from two major investment organizations, Awaken Foundation and LDA Capital, according to information from Mars Finance. This capital will be used to promote the long-term development of the Boba ecosystem, including expanding the application of technology and supporting projects built on this network platform.
Notably, the Boba Governance Foundation has also signed an important agreement with the FTX Recovery Trust – the organization responsible for recovering assets from the FTX exchange following its collapse in 2022. According to the agreement, the entire amount of BOBA tokens that the FTX Recovery Trust holds has officially been transferred to the Boba Governance Foundation.
In addition to the transfer of tokens and mutual waiver terms, the FTX Recovery Trust has also received the right to repurchase a maximum of approximately 29.4 million BOBA tokens from the Boba Governance Foundation at a fixed price of 0.09 USD/token, with a repurchase period of 18 months.
