What is OMG Foundation? OMG Token Explained Simply

Once known as OmiseGO then rebranded to OMG Network and now to OMG Foundation, the ecosystem has a core developer called Enya - an entity now building Boba Network which is described as a next generation Ethereum layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts. OMG is the ecosystem token which is traded on crypto exchanges such as FTX, Binance, OKX, etc.

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