The Layer 2 project BOB has completed a $1.60 million financing round led by Ledger Ventures. This round of financing involved participation from several well-known investors, including BlackRock, Rarible, Ordinals, and others. The funds will primarily be used to support startups based on Bitcoin and develop BOB dapps. The BOB project aims to combine the security of Bitcoin with the functionality of the Ethereum Virtual Machine to promote the widespread adoption of Bitcoin.

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<p>Deep Tide TechFlow News, on July 10th, according to The Block, the hybrid Layer 2 project BOB (Build on Bitcoin), driven by Bitcoin and Ethereum, completed a $1.60 million financing round led by Ledger Ventures. Angel investors include prominent figures from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon, and Centrifuge.</p>
<p>Of the funds raised, $1 million will be allocated to the BOB incubator to support new startups focusing on Bitcoin infrastructure and BOB dapps. BOB aims to ensure security by using Bitcoin and enable users to access aggregated solutions for dapps, DeFi, and stablecoins, linking the mass adoption potential of Bitcoin with Ethereum's Virtual Machine (EVM) functionality and its ecosystem.</p>
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The Layer 2 project BOB has completed a $1.60 million financing round, led by Ledger Ventures.