Top venture capital firms like UTXO and ViaBTC support BOB, combining Bitcoin and Ethereum strengths to enhance security and liquidity in DeFi. Co-founder Alexei Zamyatin states that BOB enables developers to create innovative dApps without compromising security or scalability. Over 40 projects have already gone live in Phase 1 of the launch, backed by a $10 million seed fund and attracting over $300 million in TVL in digital assets. Notable supporters include Castle Island Ventures, Coinbase Ventures, Mechanism Ventures, and Bankless Ventures. BOB also introduced the FUSION program to reward users with Spice points for locking multiple tokens. Plans are underway to integrate Bitcoin's Proof-of-Work security and settle transactions on both Bitcoin and Ethereum through BitVM for added security. BOB's launch signifies a significant progression in merging Bitcoin and Ethereum, delivering improved security and liquidity with strong backing from venture capital.