$MCADE presale is now live!

Boba Network deploys first Layer-2 on Moonbeam

on Oct 12, 2022
Listen to this article
  • Boba Network has launched its execution layer on cross-chain smart contracts platform Moonbeam.
  • The deployment of BobaBeam makes Boba Network the first Layer-2 to go live on Moonbeam.
  • The platform has also unveiled its Hybrid Compute feature to help boost Web2 to Web3 development.

Boba Network, a blockchain-powered multichain Layer-2 scaling solution and Hybrid Compute platform, has become the first Layer-2 to go live on the cross-chain smart contracts platform Moonbeam.

The milestone comes after Boba Network deployed BobaBeam, the network’s execution layer that has integrated Moonbean-native decentralised exchange (DEX) platform Firefly as its launch partner.

Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today.

Bringing Web2 to Web3

According to an announcement from the Boba team sent to Invezz on Wednesday, Firefly will be hosted on BobaBeam.

Meanwhile, Hybrid Compute is a flagship Boba feature that enables seamless interoperability for smart contracts – allowing Web2 developers to seamlessly bridge to Web3.

Alan Chiu, the CEO and founder of Enya Labs and core contributor to Boba Network, said in a statement:

“We’re very excited to launch on Moonbeam and achieve this key expansion milestone. Because of this integration we believe Moonbeam now has more firepower to offer developers one of the most scalable and interoperable smart contract environments in the industry. We’re truly honored to work with our starting dApps to drive adoption to our combined networks.”

Developers can now leverage the Boba and Moonbeam integration to tap into both the scalability and throughput that comes with the two platforms. Users will also be able to tap into the interoperability natively supported on Moonbeam.

MoonBeam offers cross-chain interoperability for leading smart contract platforms, including Ethereum, Cosmos and Polkadot.