Build on Bitcoin (BOB), a solution built on top of Bitcoin, has officially launched its mainnet shortly after the recent halving event, marking a significant advancement in Bitcoin's Layer-2 technology.

Exciting news alert! The launch of BOB's Mainnet has been highlighted by Unchained_pod, showcasing how BOB is leading the way in revitalizing Bitcoin's Layer 2 capabilities by combining the strengths of Bitcoin and Ethereum.

Supported by prominent venture capital firms such as UTXO and ViaBTC, BOB merges the best features of Bitcoin and Ethereum to provide improved security and liquidity within the decentralized finance (DeFi) sector.

Co-founder Alexei Zamyatin emphasizes that BOB enables developers to create cutting-edge decentralized applications (dApps) without compromising on security or scalability, leveraging robust liquidity and user bases. The mainnet rollout, unfolding in stages, has already witnessed the launch of over 40 projects, with more anticipated in the near future.

In its initial phase, bolstered by a recent $10 million seed funding round, BOB has attracted a substantial Total Value Locked (TVL) surpassing $300 million across various digital assets. Noteworthy supporters include Castle Island Ventures, Coinbase Ventures, Mechanism Ventures, and Bankless Ventures.

Furthermore, BOB has introduced the FUSION program, incentivizing users with Spice points for locking multiple tokens, and has plans to incorporate Bitcoin's Proof-of-Work security in upcoming phases to settle transactions securely on both Bitcoin and Ethereum via BitVM.

The launch of BOB signifies a significant stride towards integrating Bitcoin and Ethereum, offering heightened security and liquidity, underpinned by robust venture capital backing.