L2 project BOB closes $1.6 million strategic round led by Ledger Ventures
Hybrid L2 project BOB reportedly closed a $1.6 million strategic round led by Ledger Ventures, with participation from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon and Centrifuge. One million dollars of the funds raised will be allocated to the BOB Incubator to support startups focusing on Bitcoin infrastructure and BOB dApps.BOB was founded in 2023 with the aim of merging the characteristics of Bitcoin and Ether. According to previous news, BOB closed a $10 million seed round of funding in March of this year, led by Castle Island Ventures with participation from Web3.com Ventures, Mechanism Ventures, Bankless Ventures, DFG, CMS Ventures and UTXO BOB plans to launch the first Bitcoin Layer 2 network compatible with Ethernet Virtual Machines (EVMs), enabling the execution of Ethernet-style smart contracts on the Bitcoin network.
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