Bitcoin second-layer network BOB completes US$10 million in seed round financing, led by Castle Island Ventures

BlockBeats news, on March 28, BOB (abbreviation for "Build on Bitcoin"), which aims to launch the first Bitcoin second-layer network compatible with the Ethereum Virtual Machine (EVM) standard, has completed a US$10 million seed round of financing. , this round of financing was led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, DFG, CMS Ventures and UTXO Management. Angel investors include Dan Held and Domo, the creator of the BRC-20 token standard.

As a hybrid second-layer network, BOB not only sits on top of the Bitcoin blockchain, but is also compatible with Ethereum.