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Hybrid second-layer project BOB completes $1.6 million financing, led by Ledger Ventures

BlockBeats news, on July 10, BOB (Build on Bitcoin), a hybrid second-layer project driven by Bitcoin and Ethereum, completed a $1.6 million financing. Ledger Ventures led the investment, and angel round investors included well-known people from BlackRock, Rarible, Ordinals, Aave, Curve, Threshold, Magic Eden, Mechanism, Injective, Vessel Capital, Babylon and Centrifuge.

Of the funds raised, $1 million will be allocated to the BOB incubator to support new startups focusing on Bitcoin infrastructure and BOB dapps. BOB aims to connect Bitcoin's mass adoption potential with the Ethereum Virtual Machine (EVM) functionality and its ecosystem by using Bitcoin to ensure security and enable users to access aggregate solutions for dapps, DeFi, and stablecoins.

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