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Boba Network Secures $70M And Resolves BOBA Token Overhang With FTX Recovery Trust Deal

  • Boba Network secures a $70 million investment from Awaken Foundation and LDA Capital to support development and global expansion.
  • The funding will be used to enhance infrastructure, drive ecosystem growth, and integrate AI capabilities into decentralized applications (dApps).
  • Boba Governance Foundation resolves the BOBA token overhang through an agreement with FTX Recovery Trust, aiming to strengthen ecosystem stability.
  • The strategic funding aims to boost network speed, security, developer participation, and the creation of AI-powered dApps across various sectors.

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