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

CoinVoice recently learned that according to The Block, BOB (Build on Bitcoin), a hybrid second-layer project driven by Bitcoin and Ethereum, has completed a $1.6 million financing. Ledger Ventures led the investment, and angel round investors include well-known people 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 through rollup solutions that use Bitcoin to ensure security and give users access to dapps, DeFi, and stablecoins. [Original link]