Boba secured a $70 million capital commitment and reached a token transfer agreement with the FTX Recovery Trust

ChainCatcher news, according to Chainwire, the Boba Governance Foundation has announced that it has secured a funding commitment of $70 million from the Awaken Foundation and LDA Capital to support the ongoing development and ecological expansion of the Boba network.

In addition, the Boba Governance Foundation has signed an agreement with the FTX Recovery Trust, and all BOBA tokens held by the trust have been transferred to the foundation. The FTX Recovery Trust, among other considerations and mutual releases of claims, has also obtained the right to purchase up to approximately 29.4 million BOBA tokens from the Boba Governance Foundation at a price of $0.09 per token over the next 18 months.