Investment into Zircuit by Binance Labs

On June 11th, 2024, Binance Labs, the venture capital and incubation arm of Binance, announced an investment in Zircuit, a zero-knowledge rollup network with AI-driven sequencer-level security.

Zircuit, a newly introduced Layer 2 (L2) network, redefines on-chain security with its advanced features. The network prioritizes user safety through sequencer-level security and incorporates AI mechanisms to combat smart contract vulnerabilities and malicious entities. Its innovative hybrid structure merges proven rollup infrastructure with zero-knowledge proofs, resulting in a rapid, cost-effective, and fully EVM-compatible ZK rollup that ensures users' security without compromising speed or compatibility. Zircuit's operational efficiency stems from circuit decomposition into specialized components and proof aggregation, enhancing performance and reducing operational expenses.

The Co-Founder of Binance and Head of Binance Labs, Yi He, expressed support for Zircuit's innovative approach, highlighting the network's enhanced security solutions for Layer 2 and anticipating its continued progress and development.

As Zircuit gears up to launch its mainnet in the upcoming summer, the network exhibits remarkable growth within its ecosystem. With over $3.5 billion in staked assets and more than 1,100 applications for its "Build to Earn" program, Zircuit's partnerships include Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others.

Dr. Martin Derka, Co-Founder of Zircuit, emphasized that Zircuit stems from cutting-edge research in scaling and security, aiming to enhance Ethereum's safety and accessibility for future users. The partnership with Binance Labs signifies a crucial step in this journey of innovation.

About Zircuit

Zircuit stands out as a ZK rollup network with AI-backed sequencer-level security and parallelized circuits. Crafted by a team of seasoned web3 security experts and PhD holders in computer science, algorithms, and cryptography, Zircuit's distinctive architecture harmonizes performance and security seamlessly.

About Binance Labs

Binance Labs, the venture capital and accelerator division of Binance, has amassed a portfolio value exceeding $10 billion. With investments in 250 projects spanning 25 countries across six continents, Binance Labs boasts a remarkable ROI rate of over 14X. Notably, fifty of Binance Labs' portfolio companies have successfully gone through their incubation programs.

For further details, follow Binance Labs.