a year ago

BOB (Build on Bitcoin) Raises $10 Million in Seed Funding to Build Bitcoin dApp Ecosystem

  • BOB (Build on Bitcoin), a hybrid Layer-2 network powered by Bitcoin and Ethereum, has closed a $10 million seed funding round led by Castle Island Ventures

  • The company intends to use the funds to support the rollout of the first Bitcoin L2 with EVM compatibility, fostering innovation on the network and creating a Bitcoin dApp ecosystem

  • The funding will also be used to support the launch of the BOB Fusion program, which offers users early access to the BOB platform.

      • ProblemTechnology Infrastructure

      "Building dApps on Bitcoin is difficult due to its lack of smart contract functionality and slow transaction speeds."

      Solution

      "BOB provides a hybrid Layer-2 solution powered by Bitcoin and Ethereum, allowing developers to build dApps on Bitcoin with EVM compatibility and faster transaction speeds."

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