Bob, a bitcoin DEFI project, has collected $ 21m through several funding rounds to pursue its hybrid blockchain.
Summary
- Bob has raised a total of 21 million dollars through several funding rounds of December 2024. Recently, the $ 9.5 million strategic round attached new investors and enhanced commitments from the existing backers.
- Bob’s hybrid chain model enables the native BTC defi without wrapped tokens, protected by billions in stacked bitcoins.
- The major milestone of the project includes launching a native bitcoin Defee Testnet, forming the first hybrid ZK-roll and integrating with Fireblock.
In a press release shared with Crypto.news, Bob, a self-declared “Gateway to Bitcoin Defee”, announced that it has raised a total of $ 21 million through several strategic funding rounds since December last year, the latest $ 9.5 million has increased significantly from the current investors in the rounds.
Leading the original $ 10 million seed round, the Castle Island Ventures doubled on its investment Alonagside Laser, Rockwex, asymmetric, iOSG Ventures, UTXO Management, Dadlus, CMS, Bankless Weentures, Hypersphere, Alliance, and Sigil/Zeeprime.
The new strategic investors who join this recent era include Ankrage, Amber Group and SATS Ventures. Additionally, Bob collected $ 1.6 million earriers through an Angel investor round.
“The fact is that we continue to attract new partners and therefore, many of our original investors are given below that our team speaks volumes for the work done to define the central role of bitcoin in sophifying. Alexi ZMAITIN, Bob’s co-founder and bitVM core contributor.
The fund will be used to use the devil of Bob’s hybrid blockchain, aimed at combining bitcoin safety with atherium’s DEFI innovation. This effort tries to unlock new use cases and tap on whatever he sees as an opportunity for latent capital in bitcoin Defee, which runs 100x development in the region.
Bob’s hybrid chain model took advantage of billions of dollars in stacked bitcoins to secure all applications, assets and transpits within its ecosystem. The platform allows users to interact with the native BTC, which eliminates the need for a wrapped token or mentor.
The recent milestones of the project include launching a native bitcoin Defee Testnet supported by major institutions such as Lombard, Amber Digital and Rockwex. When it is launched on the mennet, it will create a native BTC, not its wrapped, their broad bitcoin DEFI is available for the ecosystem.
Bob also created the first hybrid ZK-rolup, combining the cost to reduce the cost and speed up transactions, a combination of optimistic rollup safety and disinterest with the effectiveness of zero-knowledge profession.
Finally, the leverage with Bob Bob’s network has been integrated with the fireblock to agreed by the leverage fireblock’s secret wallet technique.
