OMG Network raised $25 M in a ICO round on 2017-07-04.

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According to media reports, OMG Network raised $25 M in a ICO round on 2017-07-04.Following this round, OMG Network's total funding reached $25 M.
OMG Network is a Layer-2 scaling protocol for Ethereum. What this protocol aims to achieve is a higher transaction throughput at a lower cost while leveraging the security guarantees of its underlying layer. In 2021, the OMG network project team launched Boba Network and airdropped Boba tokens 1:1 to OMG holders. However, OMG Network is now considered to be a dead project with no utility.

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OMG Fundraising History
RoundAmountValuationTimeInvestor(s)
ICO$25 M--2017-07-04--
Key Milestones
  • 2017-07-05
    OMG Network raised $ 25 M through ICO
  • 2017-06
    $OMG was live for trading
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