Express

Boba Secures $70 Million Capital Commitment and Reaches Token Transfer Agreement with FTX Recovery Trust

Summary: Boba Governance Foundation has announced receiving a $70 million capital commitment from Awaken Foundation and LDA Capital to support the ongoing development and ecosystem expansion of the Boba network. Additionally, Boba Governance Foundation has signed an agreement with FTX Recovery Trust, transferring all BOBA tokens held in trust to the foundation. In addition to other ...

Boba Governance Foundation has announced receiving a $70 million capital commitment from Awaken Foundation and LDA Capital to support the ongoing development and ecosystem expansion of the Boba network. Additionally, Boba Governance Foundation has signed an agreement with FTX Recovery Trust, transferring all BOBA tokens held in trust to the foundation. In addition to other considerations and mutual debt waivers, FTX Recovery Trust has also obtained the right to purchase up to approximately 29.4 million BOBA tokens from Boba Governance Foundation at a price of $0.09 per token over the next 18 months. (Chainwire)

Last Update:

Tags:
Link: Boba Secures $70 Million Capital Commitment and Reaches Token Transfer Agreement with FTX Recovery Trust [Copy]

Last: Fed Chair Powell: US Federal Fiscal Path Unsustainable

Next: Traders Expect Highest Probability of Fed Rate Cut in September, 21% Chance in July

Trump's "Big and Beautiful" Bill Passes: Biden and Harris Criticize, Financial Expert O... 3 days ago

Silicon Valley Giants, Trump Ally Launch 'Crypto Bank' Erebor, Aiming to Fill SVB Void 4 days ago

From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 10 days ago

The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 16 days ago

Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 19 days ago