Bitcoin’s New BFF: How a Hybrid Blockchain Just Raised $9.5M & Still Possibly Regret It

So, apparently, “Build on Bitcoin” (or BOB, because what else would it be called?) just bagged a shiny $9.5 million in its latest fundraising fiesta. That’s right, a total of $21 million since December 2024-because who doesn’t love a good money round? Investors like Castle Island Ventures and Ledger Cathay Capital must’ve really *believed* in the dream, or maybe they just like saying “DeFi” out loud.

They’re basically the financial version of a caffeine-fueled puppy, excited to combine Bitcoin’s rock-solid security with Ethereum’s dance party of DeFi possibilities. The goal? Unlocking new use cases, liquidity galore, and maybe a few sneaky future memes. BOB is turbocharging that hybrid chain-because what’s better than a chain that’s part Bitcoin, part Ethereum, and all about making your digital dollars dance?

Co-Founder Alexei Zamyatin probably thinks this is the future of finance, while Nic Carter from Castle Island Ventures, who might just be Nick Carter’s cousin, is totally vibing on Bitcoin DeFi’s potential. BOB just launched native Bitcoin DeFi on its testnet-you’re welcome, nerds-and it’s even the first hybrid ZK rollup, which basically means “faster, cheaper, and smarter,” minus the sarcasm. But hey, if you’re into saving a few bucks while confusing your grandma, BOB has your back.

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2025-08-10 13:30