Mixed Layer 2 Project BOB Completes $1.6 Million Financing, Led by Ledger Ventures

ChainCatcher news, according to The Block, the hybrid Layer 2 project BOB (Build on Bitcoin), driven by Bitcoin and Ethereum, has completed a $1.6 million funding round. Ledger Ventures led the investment, with angel investors including notable figures from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon, and Centrifuge.

Of the funds raised, $1 million will be allocated to the BOB incubator to support new startups focused on Bitcoin infrastructure and BOB dapps. BOB aims to connect the mass adoption potential of Bitcoin with the capabilities of the Ethereum Virtual Machine (EVM) and its ecosystem by ensuring security through Bitcoin and enabling users to access dapp, DeFi, and stablecoin aggregation solutions.