According to PANews, the BOB hybrid blockchain project, which aims to merge the features of Bitcoin and Ethereum, has successfully raised $10 million in funding. The investment was led by Castle Island Ventures, with participation from Mechanism Ventures, Bankless Ventures, CMS Ventures, and UTXO Management. BOB plans to launch the first Bitcoin second-layer network compatible with the Ethereum Virtual Machine (EVM), enabling the execution of Ethereum-style smart contracts on the Bitcoin network.