Binance Labs Invests in Zircuit to Enhance L2 Security with AIPowered Sequencer Technology

NEWS RELEASE
George Town, Grand Cayman, June 11th, 2024, Chainwire.
Binance Labs, the investment and innovation branch of Binance, has recently put funds into Zircuit, a cutting-edge zero-knowledge rollup platform with AI-powered sequencer-level security.
Zircuit stands out as a fresh Layer 2 (L2) network that revolutionizes on-chain security. The platform ensures user safety with sequencer-level security features and automated AI defenses against smart contract vulnerabilities and malicious entities. By combining established rollup infrastructure with zero-knowledge proofs, Zircuit offers a rapid, cost-effective, and fully EVM-compatible ZK rollup solution that prioritizes security without compromising on speed or compatibility. The network's efficient performance stems from breaking down circuits into specialized segments and consolidating proofs, resulting in enhanced efficiency and reduced operational expenses.
Yi He, Co-Founder of Binance and Head of Binance Labs, expressed enthusiasm for Zircuit's innovative approach, stating:
"At Binance Labs, we endorse projects that push the boundaries of Web3 and propel the blockchain sector forward. With its focus on sequencer level security, Zircuit is paving the way for a more secure L2 solution, and we eagerly anticipate its progress and expansion."
With the imminent launch of its mainnet this summer, Zircuit has already witnessed significant growth within its ecosystem. The network currently boasts over $3.5 billion in staked assets, and its "Build to Earn" initiative has attracted more than 1,100 applications. Noteworthy launch partners include Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others.
Dr. Martin Derka, Co-Founder of Zircuit, shared his excitement about the project's origins in advanced scaling and security research, stating:
"Zircuit is the product of groundbreaking research in scaling and security. By building upon a robust technical foundation, we are enhancing Ethereum's safety for the next wave of users. We are thrilled to have Binance Labs join us on this journey."
About Zircuit
Zircuit is a ZK rollup platform with AI-powered sequencer-level security and parallelized circuits. Developed by a team of experts in web3 security and individuals with PhDs in computer science, algorithms, and cryptography, Zircuit's innovative architecture seamlessly combines performance and security. For more information, visit zircuit.com or follow @ZircuitL2 on Twitter.
About Binance Labs
As the investment arm and accelerator of Binance, Binance Labs has grown to a valuation of over $10 billion. Its diverse portfolio includes 250 projects from 25 countries spanning six continents, boasting an impressive return on investment rate of over 14X. Fifty of Binance Labs' portfolio companies have successfully completed incubation programs. For additional details, follow Binance Labs on X.
Contact
Jessica Graber
Zircuit
[email protected]
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