Hybrid L2 BOB Raises $9.5 Million in Latest Funding Round to Advance Bitcoin DeFi Development
Main Idea
Hybrid Layer 2 blockchain BOB raised $9.5 million in funding to advance its Bitcoin-based platform, combining Bitcoin's security with Ethereum's DeFi innovation.
Key Points
1. BOB secured $9.5 million in funding from investors including Castle Island Ventures, Ledger Cathay Capital, Rockawayx, and Sats.
2. The hybrid L2 blockchain aims to merge Bitcoin's security with Ethereum's DeFi capabilities to unlock new use cases and liquidity opportunities.
3. BOB recently launched native Bitcoin DeFi on its testnet, supported by leading industry players.
4. Investors like Nic Carter from Castle Island Ventures highlighted the potential of Bitcoin DeFi and BOB's unique approach.
Description
Build on Bitcoin (BOB), a hybrid Layer two (L2) blockchain, has successfully raised a total of $21 million through a series of strategic funding rounds since December 2024, with recent backing from investors including Castle Island Ventures, Ledger Cathay Capital, Rockawayx, and Sats Ventures. The latest funding round raised $9.5 million, demonstrating strong confidence from
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