Searching for Alpha: BOB

BlockchainsApril 17, 2024, 1:42PM EDT
Searching for Alpha: BOB
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BOB, short for “Build On Bitcoin,” is an EVM-compatible layer 2 (L2) blockchain that aims to inherit Bitcoin’s security via merged mining and BitVM and eventually settle on Bitcoin in its final state. 

According to The Block Pro Deals Dashboard, BOB announced a $10 million seed round in March 2024 led by Castle Island Ventures, with the participation from Mechanism Capital, CMS Holdings, Bankless, etc. Its mainnet is expected to be launched in April.

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