BOB (Build on Bitcoin), a hybrid Layer 2 project integrating Bitcoin and Ethereum technologies, has secured $1.6 million in funding from Ledger Cathay Fund and several angel investors. This investment aims to advance BOB’s development of a scalable Layer 2 protocol combining the security of Bitcoin with the functionality of Ethereum.
Ledger Cathay Fund led the strategic funding round, which attracted support from prominent angel investors across the crypto ecosystem, including figures from BlackRock, Rarible, Aave, and others, according to a press release issued Tuesday.
