Bitcoin L2 network BOB completes US$10 million in financing

BOB, a Bitcoin Layer2 (L2) network that integrates with Ethereum, has completed a $10 million financing round. Castle Island Ventures led the investment, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, UTXO Management, and angel investors Dan Held and Domo, the creator of the BRC-20 token standard. BOB aims to launch the first Bitcoin Layer2 that is compatible with the Ethereum Virtual Machine (EVM).