**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
About Awaken Foundation
Users can visit
About LDA Capital
Users can learn more at
Contact
press contact
[email protected]
This story was published as a press release by Chainwire under HackerNoon’s Business Blogging
