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🟠BOB RAISES $1.6M FOR LAYER 2 HYBRID

🟠BOB RAISES $1.6M FOR LAYER 2 HYBRID

Day: 09 | Time: 20:16:27 BOB (Build on Bitcoin), a Layer 2 hybrid project powered by Bitcoin and Ethereum, has raised $1.6 million in a strategic funding round led by Ledger Ventures, with contributions from various private investors. The investors include prominent figures from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon, and Centrifuge. BOB aims to combine the mass adoption potential of Bitcoin with the innovation capabilities of Ethereum, allowing users to access dapps, DeFi, and stablecoins through a rollup solution that utilizes Bitcoin for security. The goal of BOB is to enable developers to build dapps on the world's largest blockchain network and offer users of that network increased access to innovative applications on the Ethereum network without having to leave the Bitcoin blockchain.

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