Hybrid second-layer project BOB completes $1.6 million financing, led by Ledger Ventures

According to TechFlow, on July 10, The Block reported that BOB (Build on Bitcoin), a hybrid second-layer project driven by Bitcoin and Ethereum, completed a $1.6 million financing led by Ledger Ventures. Angel round investors include well-known 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 Bitcoin’s mass adoption potential with the Ethereum Virtual Machine (EVM) functionality and its ecosystem by using Bitcoin to ensure security and giving users access to rollup solutions for dapps, DeFi, and stablecoins.