202428 Mar

London-based Bitcoin startup raises €9.2M in Seed funding: Know more

Summary

Nic Carter, General Partner of Castle Island Ventures, says, “Key unlocks like BitVM have made rollups possible on Bitcoin, ushering in a new era of scalability and expressivity for the world’s premier blockchain.” “We’re proud to be backing BOB as the market leader and one of the first movers in this space. Alexei Zamyatin, co-founder of BOB, says, “We’re thrilled to have the support of such esteemed investors who share our vision for the future of Web3 innovation by combining the best of Bitcoin and Ethereum.” “We look forward to launching our hybrid Layer-2 to facilitate the growth of novel applications with the highest security and execution while being easy for developers to build on—no new wallet creation or set-ups involved.” BOB serves as the tool for DeFi and innovation across all fields of Bitcoin use cases and experimentation. BOB uses the Ethereum Virtual Machine (EVM) for smart contract creation and execution, ensuring compatibility with existing developer tools, wallets, and crucial infrastructure. Recently, BOB announced a key partnership with Anduro (by Marathon Digital) and attracted top developers like Layer Bank, IceCream, bit_Smiley, and iZUMi to deploy their applications on its platform. Campaign partners include Blockchain.com, OKX, Sovryn, and Alex Labs, prominent Bitcoin DeFi protocols.

Source: Siliconcanals

Funding

$10.02M
Amount
Mar 28 2024
Date
-
Investor
London
Company

Classifications

Companies