BOB hybrid Layer-2 platform secures $10M seed funding
BOB (âBuild on Bitcoinâ), a London, UK-based hybrid Layer-2 platform powered by Bitcoin and Ethereum, recently announced the successful closure of a $10M seed funding round. The funding was led by Castle Island Ventures, with participation from other prominent investors such as Mechanism Ventures, Bankless Ventures, and UTXO Management. Notable angels like Dan Held and Domo also contributed to the round, showing high confidence in BOB's vision and potential.
The team at BOB, led by Co-Founder Alexei Zamyatin, is dedicated to revolutionizing the blockchain space by introducing a hybrid solution that combines the power of Bitcoin and Ethereum.
Their strategic partnership with Anduro, a project by Marathon Digital, further solidifies their position in the industry. With leading developers already deploying their applications on BOB, including Layer Bank, IceCream, bit_Smiley, and iZUMi, the platform is set to attract a wide range of innovative projects and users.
In addition to their core offerings, BOB is gearing up to launch the first season of its Fusion program on March 27th. This initiative will provide early access to the BOB platform for participants who lock various tokens to earn Spice points. These points signify a user's active involvement and contribution to the BOB ecosystem. Campaign partners for the Fusion program include major players like Blockchain.com, OKX, Sovryn, and Alex Labs, highlighting the broad industry support for BOB's innovative approach.
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