On November 14, BOB, a hybrid Layer2 project driven by Bitcoin and Ethereum, successfully held its Shark Tank (Phase II) event in Bangkok, Thailand. A total of 9 Bitcoin ecosystem innovation projects participated in the project roadshow, and Coffer Network eventually won the championship.
The event received support from more than 80 leading investment institutions and professional funds in the industry, including ViaBTC Capital, IOSG Ventures, Antalpha Ventures, Ledger Cathay Capital, Quantstamp, RockawayX, Mechanism Capital, L1D, Cobo Ventures, NewTribe Capital, G1 Ventures, Artichoke Capital, Amigoo Ventures and Arcanum Ventures, and attracted more than 1,000 enthusiasts interested in the Bitcoin ecosystem to participate in the event.
It is reported that the on-site judges include many crypto industry experts and leading institutional investors, such as Lilia , investment director of ViaBTC Capital, Quantstamp founder and CEO Quantstamp, Alban Vendeuvre , investor of Ledger Cathay Capital, Figo Saleh , project leader of IOSG Ventures Kickstarter, Jake Zheng , investor of AntAlpha, and Frank, head of Bitcoin ecology of OKX wallet.
Shark Tank is a program launched by BOB that aims to encourage the most innovative, creative and fast-growing developers in the Bitcoin ecosystem, help them establish connections with leading investment institutions, and provide them with core ecological resource support such as financial support, online exposure, and offline roadshows.
There were 9 projects focusing on Bitcoin ecological innovation participating on the scene, including Coffer Network, Stable Jack, Virtual Labs, Tapalytics, Zky Wallet, BQ Labs, Magnolia, Native and GOEMON, covering multiple Bitcoin ecological segments such as BTCFi perpetual contract DEX, decentralized insurance, cross-chain bridges, Bitcoin wallet infrastructure, etc. The final winner, Coffer Network, is a decentralized programmable smart account infrastructure for Bitcoin Layer1 and Layer2, designed to help users easily manage and earn their Bitcoin L1 and L2 assets.
BOB belongs to a new type of L2: Hybrid L2. This hybrid Layer2 solution aims to link Bitcoin's mass adoption potential with the Ethereum Virtual Machine (EVM) function and its ecosystem by using Bitcoin to ensure security and enable users to access aggregated solutions for DApp, DeFi and stablecoins. Last month, BOB officially released the Hybrid L2 white paper . BOB hopes to help more innovative early projects deepen their Bitcoin ecosystem through the Shark Tank series of events, and is firmly optimistic about the long-term development of the Bitcoin ecosystem.
In addition, BOB has recently announced a partnership with OKX Web3 wallet to launch Bitcoin DeFi activities. Users can complete bridging, staking, and lending tasks in the BOB Bitcoin DeFi ecosystem through the OKX Web3 wallet to receive prize pool rewards, with a total prize pool of up to US$300,000.
About BOB
BOB (Build on Bitcoin) is a hybrid second-layer platform that combines the security of Bitcoin and the flexibility of Ethereum smart contracts. It supports Bitcoin ecosystems such as Ordinals, Lightning and Nostr, and aims to improve the practicality of Bitcoin and expand its functionality.
Official website: https://www.gobob.xyz/
Telegram: https://t.me/gobobxyz
Discord: https://discord.com/invite/gobob
