Bitcoin Layer 2 network BOB has completed a $10 million seed funding round, led by CASTLE ISLAND VENTURES, with participation from MECHANISM VENTURES, BANKLESS VENTURES, CMS VENTURES, and UTXO MANAGEMENT. BOB aims to launch the first Bitcoin Layer 2 network compatible with the Ethereum Virtual Machine (EVM), with its name representing "BUILD ON BITCOIN".

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<p>Shenzhen-based TechFow has announced that BOB, a Bitcoin Layer 2 network compatible with the Ethereum Virtual Machine (EVM), has completed a $10 million seed funding round. The round was led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, and UTXO Management.</p>
<p>BOB aims to launch the first Bitcoin Layer 2 solution compatible with the Ethereum Virtual Machine (EVM). The name BOB stands for "Build on Bitcoin".</p>
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Bitcoin second-layer network BOB completes $10 million seed round financing, led by CASTLE ISLAND VENTURES.