Hybrid Layer-2 solution powered by Bitcoin and
Ethereum also attracts leaders from Aave, Curve,
Threshold, and the Ordinals ecosystem as part of angel round
LONDON, July 9, 2024
/PRNewswire-PRWeb/ -- BOB, a first-of-its-kind hybrid Layer-2
powered by Bitcoin and Ethereum,
announces its $1.6M combined
strategic raise led by Ledger Ventures and angel round with funds
deployed to broaden the Layer-2's presence throughout the
Bitcoin and Ethereum ecosystems.
We're very pleased with the backing of
Ledger Ventures and our angel investors representing a wide swath
of the Bitcoin and Ethereum industries.
We are highly focused on supporting dapps with our
infrastructure.
The extensive list of angel investors includes leaders from
BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden,
Mechanism, Injective, Vessel Capital, Babylon, and Centrifuge,
among others. Their confidence in BOB highlights the Layer-2's
strength in leveraging the best attributes from both
Bitcoin and Ethereum ecosystems to enable
Bitcoin dapp innovation.
$1M of the funds raised will be
allocated for a BOB incubator focused on bootstrapping new and
innovative startups in the BTC infrastructure and BOB
dapp space. The aim of the incubator is to bridge the
gap between Bitcoin's global adoption and
Ethereum's innovation powerhouse.
Alexei Zamyatin, Co-Founder of
BOB, shared, "We're very pleased with the backing of Ledger
Ventures and our angel investors representing a wide swath of the
Bitcoin and Ethereum industries. We are
highly focused on supporting dapps with our
infrastructure. Our recent release of BOB Gateway, an
"intent-based" Bitcoin cross-chain DeFi
portal, is one example of the exciting developments the
crypto community can expect from us in the near
future."
Marguerite de Tavernost, an investor at the Ledger Cathay Fund,
Ledger's early-stage venture fund, shared, "Ledger Cathay Fund is
very excited to support BOB, which has the power to unleash
Bitcoin's programmability while maintaining its robust
security. By combining the best of Bitcoin with the
innovation capabilities of Ethereum,
Bitcoin Layer-2s like BOB unlock unprecedented
Bitcoin scalability. We are extremely proud to be
supporting Alexei and his team. They have demonstrated impressive
execution capabilities by securing very large TVL volumes early on
as well as various integrations for facilitating DeFi
applications for Bitcoin. We believe they have the
right resources to execute on their long-term vision."
"By combining the security of Bitcoin with the
application base of the EVM, BOB has quickly become one of the
largest Bitcoin L2s by TVL on the back of a thriving
DeFi ecosystem. I'm excited to see their momentum
continue as users and developers increasingly choose to build on
Bitcoin," said MacLane
Wilkison from Threshold.
Nic Carter, General Partner at
Castle Island Ventures, who led BOB's $10M seed round earlier this year, shared, "As
BOB backers, Castle Island Ventures is excited to see the ecosystem
fund launch. This initiative will provide vital capital to founders
building on the BOB architecture. We are committed to the BOB
ecosystem and are excited to see it grow further, remaining a
source of downstream capital for startups building on BOB."
To learn more, attend BOB's kick-off event to EthCC
"Bitcoin Shark Tank" with 150+ builders and investors.
Details here: https://lu.ma/8suv3g52
More on the BOB website: https://www.gobob.xyz/
For media inquiries, please contact Robert O'Neil at (310) 260-7901 or
Robert(at)Melrosepr(dot)com
About BOB
BOB ("Build on Bitcoin") is a first-of-its-kind hybrid
Layer-2 powered by Bitcoin and Ethereum.
By combining the security, liquidity, userbase, and innovation of
the two largest blockchain ecosystems, BOB closes the gap between
Bitcoin as a vehicle for mass adoption and
Ethereum as a hub for innovation. This is achieved
through BOB's rollup ecosystem that will use Bitcoin
for security while enabling users to access all the on and
off-ramps, dapps, stablecoins, NFTs,
DeFi, etc. made possible by Ethereum's
EVM. BOB is backed by Castle Island Ventures, Coinbase
Ventures, Mechanism Capital, Bankless Ventures, and other
high-profile VCs and is positioned to become the most secure and
accessible Layer-2 for builders and users.
Media Contact
Robert O'Neil, BOB, (310)
260-7901, robert@melrosepr.com, https://www.gobob.xyz/
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