Boba expands interoperability, multichain features with Avalanche integration

abdelaziz Fathi

Boba Network, a multi-chain scaling solution and Hybrid Compute platform, today announced its expansion to become the first Layer-2 scaling solution to launch on Avalanche.

Boba’s expansion moves it beyond the scope of a traditional Layer-2 and reinforces its preeminent status for scaling blockchain networks. Combining its mass-level performance scalability with Avalanche’s additional features offers developers smarter tools to build more dynamic dApps.

As a Layer-2’s solution, Boba typically prioritizes cost and throughput performance, which ultimately provides Avalanche developers with another low fee environment for feature-rich applications. They will be also able to access Hybrid Compute, Boba’s flagship multi-purpose pipe which directly connects decentralized computers to Web2 APIs via smart contracts.

Chief among Hybrid Compute’s benefits is enabling novel use cases that are far too expensive, slow, or otherwise practically impossible to execute on-chain. In practice, Hybrid Compute makes it easy for dApp developers to incorporate machine learning and AI systems, financial modeling tools, gaming engines, and social media integrations.

In addition, Boba and Avalanche have committed to leveraging the power of real-world data and off-chain compute to diversify its respective offerings and attract new liquidity. The deployment will also help Avalanche projects to take advantage of Boba’s native NFT bridge, allowing smooth transfer of NFTs between L1 and L2.

Alan Chiu, Founder of Enya Labs, the core contributor to Boba Network, said: “We’re excited to become the first multichain L2 on Avalanche. This partnership enables Avalanche  to support even more users and transactions, and empowers Avalanche developers to build dApps that connect with off-chain APIs. Boba is now synonymous with Layer-1 scaling that’s available when and where it’s needed.”

Launched in 2020, Avalanche aims to deliver a scalable blockchain solution while maintaining decentralization and security. With Avalanche, users can create an unlimited number of customized and interoperable blockchains.

Scaling has become one of the most interesting conversations as blockchain networks seek to match the millions of new users entering the space. Avalanche takes a unique approach to this with subnets, diverting away traffic that would otherwise congest its main chain.

EvoVerses, a popular play-to-earn game powered by the Unreal Engine 5, was the first beneficiary of the Avalanche integration and will feature on Boba Network as a launch partner dApp.

The alliance will also offer an additional value to Sushi, one of the biggest providers of DeFi tools like Sushi Swap, which is also deploying its Legacy Swap on the Boba Network L2 on Avalanche.

Luigi D’Onorio DeMeo, Head of DeFi at Ava Labs, comments, “By deploying to additional chains, Boba breaks fresh ground and brings Avalanche its very first L2 Equipping our talented developers with yet another way to make dApps cheap, fast, and scalable will only benefit users. We’re excited to see how this integration evolves and where the story of Avalanche L2s leads.”

“Finding Boba was like finding that secret ingredient for your favorite meal: the perfect combination, the perfect addition. Boba offers us the scalability, security, and fast transactions that we were looking for to scale a real game into the crypto space without sacrificing anything for that and making sure the transaction fees are really low which is a must in any crypto game! EvoVerses is excited about this partnership and everything that will grow from here!” said Alevo, founder at EvoVerses.

 

 

Read this next

Chainwire

BloFin Sponsors TOKEN2049 Dubai and Celebrates the SideEvent: WhalesNight AfterParty 2024

Platinum Spotlight: BloFin dazzles as the top sponsor of TOKEN2049 Dubai, elevating its status with the electrifying WhalesNight AfterParty 2024. Celebrate blockchain innovation and join the night where industry leaders and pioneers connect.

Institutional FX

Eddid helps HK crypto platforms with Bitcoin and Ether ETFs

The brokerage firm will help SFC-licensed virtual asset trading platforms with Bitcoin and Ether ETFs in Hong Kong.

Digital Assets

Cboe can save up to $15 million by closing crypto exchange

“Refocusing our digital asset business enables us to refine our strategy, leveraging our core strengths in derivatives, technology excellence and product innovation to help maximize opportunities for our business and deliver efficiencies for Cboe and our clients.”

Fintech

Sumsub adopts Europe’s new KYC standards for crypto

“Businesses are facing a rising regulatory tide where properly preparing for compliance is crucial. There is now a simple choice, whether to implement solutions that can deliver this, or instead risk significant financial and reputational damages.”

Chainwire

Bybit Web3 Launches Industry’s First Bitcoin Layer 2 Airdrop Campaign, Paving the Way for a New Bitcoin Era

Bybit, one of the world’s top three crypto exchanges by volume, is excited to announce that Bybit Web3 is launching the industry’s first Bitcoin Layer 2 Airdrop campaign through its Airdrop Arcade.

Retail FX

Vantage observes results of US$100,000 donation to UNHCR

Vantage’s US$100,000 donation has helped approximately 788 refugees, internally displaced persons (IDPs), and returnees in 2023 alone.

Executive Moves

Tradition hires Michel Everaert to integrate data science and AI

“I am excited about the potential this offers, and look forward to building relationships and working with teams across the global business.”

Retail FX

IBKR extends US Treasury bond trading to 22 hours per day

US Treasury bonds are highly sought after by investors seeking stability and security in their portfolios as these instruments are often considered one of the safest investment options. 

Market News

Navigating Yen Depreciation and Euro Resilience in Global Markets

Amidst the persistent depreciation of the Japanese yen against the US dollar, pressure mounts on Japanese policymakers to translate their verbal assurances into tangible actions.

<