Binance Labs Invests in Zircuit to Enhance L2 Security with AIPowered Sequencer Technology
On June 11th, 2024, in George Town, Grand Cayman, Binance Labs, the investment and incubation branch of Binance, has made a significant investment in Zircuit, a cutting-edge zero-knowledge rollup network with AI-driven sequencer-level security.
Zircuit, a new Layer 2 (L2) platform, is revolutionizing on-chain security with its innovative approach. The network ensures user safety through sequencer-level security and automated AI protocols that protect against smart contract vulnerabilities and malicious entities. By combining battle-tested rollup infrastructure with zero-knowledge proofs, Zircuit offers a fast, cost-effective, and fully EVM-compatible ZK rollup that prioritizes user security without compromising speed or compatibility. Zircuit’s efficiency stems from breaking down circuits into specialized components and combining proofs, resulting in increased efficiency and reduced operational expenses.
Yi He, Co-Founder of Binance and Head of Binance Labs, expressed his enthusiasm for Zircuit’s groundbreaking security measures, stating, “At Binance Labs, we are dedicated to supporting innovative projects in Web3 and advancing the blockchain industry. With its sequencer-level security integration, Zircuit is delivering a more secure L2 solution, and we are excited to witness its continued growth and development.”
As Zircuit gears up for the launch of its mainnet this summer, its ecosystem is already experiencing rapid expansion. The network currently boasts over $3.5 billion in staked assets, and its “Build to Earn” initiative has attracted over 1,100 applications. Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and other partners are actively involved in the network’s launch.
Dr. Martin Derka, Co-Founder of Zircuit, shared his vision for the project, stating, “Zircuit was born from cutting-edge research in scaling and security. We are building on a strong technical foundation to make Ethereum safer for the next wave of users. We are thrilled to have Binance Labs join us on this journey.”
Zircuit, a ZK rollup network with AI-powered sequencer-level security and parallelized circuits, is developed by a team of experts in web3 security and computer science. For more information, visit zircuit.com or follow @ZircuitL2 on Twitter.
Binance Labs, the venture capital arm and accelerator of Binance, has a portfolio value exceeding $10 billion, encompassing 250 projects from 25 countries across six continents. With a return on investment rate of over 14X, Binance Labs has successfully incubated fifty projects in its portfolio. For more information, follow Binance Labs on social media platforms.
Contact:
Jessica Graber
Zircuit
[email protected]