HomeBinance SquareBOB Closes $1.6M Strategic Funding

BOB Closes $1.6M Strategic Funding



BOB, a London, UK-based provider of a hybrid Layer-2 empowered by Bitcoin and Ethereum, raised $1.6M in Strategic funding.

The round was led by Ledger Ventures and angels from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon, and Centrifuge, among others.

$1M of the funds raised will be allocated for a BOB incubator focused on bootstrapping new and innovative startups in the BTC infrastructure and BOB dapp space.

BOB is a hybrid Layer-2 empowered by Bitcoin and Ethereum. By combining the security, liquidity, userbase, and innovation of the two largest blockchain ecosystems, it closes the gap between Bitcoin as a vehicle for mass adoption and Ethereum as a hub for innovation. This is achieved through a rollup ecosystem that will use Bitcoin for security while enabling users to access all the on and off-ramps, dapps, stablecoins, NFTs, DeFi, etc. made possible by Ethereum’s EVM.