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.
FUNDING
As of March 2024 BOB has raised $10 million in seed funding. The fundraising round was led by Castle Island Ventures and included participation from Mechanism Ventures, Bankless Ventures, CMS Ventures and UTXO Management.