Binance Labs, the venture capital and incubation division of Binance, has invested in Zircuit, an artificial intelligence (AI) rollup.
Binance Labs, the venture capital and incubation arm of Binance, recently disclosed that it has made an investment in Zircuit, an artificial intelligence rollup. The company made this move to bolster its dedication to delivering a seamless Web3 experience to its customers.
Artificial intelligence enables Zircuit, a rollup that claims security at the sequencer level and requires minimal knowledge. For example, consider a brand new Layer 2 (L2) network that completely transforms the on-chain security system.One of the world’s most well-known cryptocurrency exchanges made an investment in this report.
Binance Labs Jacks Up L2 Network Zircuit
Binance’s officially announced strategic move to invest in Zircuit demonstrates the company’s commitment to delivering a seamless Web3 experience globally. Zircuit’s robust commitment to user security stands out, even though the full details of this strategic move remain undisclosed.
Zircuit’s sequence-level security and built-in automated artificial intelligence capabilities provide strong protection against smart contract exploits and malicious actors. The L2’s hybrid infrastructure, a combination of ‘battle-tested’ rollup infrastructure and zk proofs, delivers a rapid, low-cost, and fully EVM-compatible zk rollup.
This hybrid infrastructure establishes a new standard in terms of user experience and security.These advantages are available without significantly affecting the speed or compatibility of the network as a whole.
Furthermore, “decomposing circuits into specialized parts and aggregating proofs” results in mind-blowing performance, enabling improved efficiency and reduced running costs.
In the meantime, Yi He, the head of Binance Labs, made the following statement; “At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry.”
More On Zircuit
Zircuit is providing a more secure L2 solution by integrating sequencer-level security, and we are looking forward to observing its continued growth and development in the future. Zircuit is rapidly gaining significant popularity across many cryptocurrency communities around the world, and it is getting ready to launch its mainnet this summer.
Binance’s decision to support the L2 has positioned a plethora of additional advantages to aid the project’s trajectory.
Furthermore, the network currently owns assets worth more than $3.5 billion. The company’s ‘Build to Earn’ program has already attracted over one hundred applications. The list of notable launch partners includes Ethena, Renzo, Ether.fi, KelpDAO, Elixir, Ambient, Pendle, LayerZero, and others.
Doctor Martin Derka, one of the co-founders of Zircuit, made the following statement; “Zircuit was born out of cutting-edge research on scaling and security.” Our innovations, aimed at making Ethereum more secure for the next billion users, are based on an extensive technical foundation.
Because of the investment that was described above, Zircuit stands to receive a significant amount of benefit, which will, in turn, lead to the cryptocurrency market becoming more popular as a result of Binance’s statement and its utilization of AI-based solutions.