THELOGICALINDIAN - Boba Network is the aboriginal Optimistic Rollup band-aid to advertise a babyminding badge
Boba Network, a new Layer 2 band-aid created by Enya in accord with OMG Network, is ablution a token.
Boba Network Rewards OMG Holders
Boba Network will administer a new babyminding badge to OMG holders.
Boba Network is a new Layer 2 band-aid that leverages Optimistic Rollups to advice Ethereum scale. If processes affairs at a college acceleration and lower amount than Ethereum mainnet while benefiting from the aegis of the abject chain.
Developed by OMG Foundation’s amount contributor Enya, it was launched as a mainnet beta aftermost ages to attempt with added Optimistic Rollup solutions like Optimism and Arbitrum.
Rather than opting for a attendant drop, which are bargain acclimated in added DeFi projects, the activity will airdrop the badge to OMG holders based on a approaching snapshot.
According to a blog post announcement the airdrop, users who use the Boba Network arch to move OMG and authority the tokens in their wallets afore a snapshot date abutting ages will be adored with BOBA. Seemingly, the aggregation is acquisitive to incentivize users to buy OMG and collaborate with the bridge.
The token, back distributed, will be acclimated to administer the activity in a decentralized address and for voting aural the Boba DAO. Additionally, those who pale BOBA will acquire a allocation of the Layer 2 network’s transaction fees.
Commenting on the badge launch, Enya architect and CEO Alan Chiu said:
“We are captivated by the abutment of OMG Foundation in creating the new BOBA badge to action the association the adeptness to participate in the babyminding and advance of Boba Network.”
In contempo weeks, Layer 2 solutions accept accustomed a lot of absorption beyond the community, helped partly by surging gas fees on Ethereum. According to abstracts from L2Beat, the absolute amount bound in Ethereum’s Layer 2 has attempt up to $3.6 billion in the aftermost week. Over $2.6 billion is bound in Arbitrum, the accepted baton in the chase to calibration Ethereum via Optimistic Rollups.
Unlike added Optimistic Rollups, Boba Network claims to be the alone one that can abate abandonment times to alone a few minutes. It will additionally abutment NFT bridging amid Layer 1 and Layer 2. With Boba Network announcement its own token, a catechism charcoal over whether added Optimistic Rollup solutions will follow. While Arbitrum and Optimism are both accounted to barrage their own tokens, neither activity has aggregate any absolution plans.
