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TechFlow news — BOB, an EVM-compatible Bitcoin Layer 2 network, has completed a $10 million seed funding round led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, and DFG.
BOB aims to launch the first Ethereum Virtual Machine (EVM)-compatible Layer 2 on Bitcoin. The name "BOB" stands for "Build on Bitcoin."
BOB, aiming to launch an EVM-compatible Bitcoin Layer 2 network, has completed a $10 million seed funding round led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, DFG, and others. BOB, which stands for "Build on Bitcoin," aims to deliver the first Ethereum Virtual Machine (EVM)-compatible Layer 2 solution for Bitcoin.
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