Zircuit Raises Mainnet Funding Round With Participation From Binance Labs, Mirana Ventures, And Others
George City, Cayman Islands, July twenty second, 2024, Chainwire
Zircuit, a completely EVM-compatible ZK rollup with AI-enabled sequencer stage safety, at present introduced it raised a Mainnet funding spherical with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robotic Ventures, Nomad Capital, Borderless Capital, and outstanding angel buyers together with the founders of Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and extra. With this new funding, Zircuit will have the ability to supercharge ecosystem progress and exercise on its community, constructing upon a robust technical basis and over $2.1 billion in staked belongings.
Since 2022, the Zircuit workforce has constructed a brand new L2 community that introduces a revolutionary new strategy to onchain safety. Zircuit protects dApps and their customers from blockchain vulnerabilities by means of its novel infrastructure that’s armored by sequencer-level safety and built-in, automated AI strategies to protect towards good contract exploits and malicious actors. The community’s hybrid structure additionally leads to a quick, low-cost, and totally EVM-compatible ZK rollup, providing unparalleled safety for customers with out compromising velocity or compatibility.
Bolstered by its robust safety infrastructure, Zircuit plans to turn out to be a central hub for restaked belongings that options unparalleled safety and permits customers to earn industry-leading yields natively. The panorama of liquid restaking remains to be nascent and quickly evolving and new LRT protocols are continually rising, making it difficult for even skilled customers to trace and select the perfect and the most secure protocols for deploying their capital. Zircuit goals to deal with this drawback by turning into a serious liquidity hub for restaked belongings (ETH, BTC, LSTs, and LRTs) the place customers can simply allocate their capital and have peace of thoughts figuring out that funds are deployed to the most secure and highest high quality protocols.
“At Binance Labs, we support projects that are innovating in Web3 and accelerating the blockchain industry. Through its integration of sequencer level security, Zircuit is providing a more secure L2 solution and we look forward to watching it grow and develop further,” mentioned Yi He, Co-Founding father of Binance and Head of Binance Labs.
“Security has been a persistent issue in the crypto space, with breaches occurring almost daily. Zircuit, founded by top security veterans, leads the industry with its best-in-class security architecture. The team’s clear growth strategy has led to explosive growth in assets locked since launch,” mentioned Erick Zhang, Managing Accomplice of Nomad Capital. “We are excited to support and continue working with the Zircuit team.”
“As the web3 space accelerates toward mainstream adoption, Zircuit will empower this growth by providing the necessary infrastructure to onboard the masses. Our years of research into rollups and blockchain security have allowed us to build an L2 network with unparalleled security and scalability. We’re proud to have the support of Binance Labs, Mirana Ventures, and our other investors as we approach our first phase of Mainnet and establish Zircuit as a cornerstone in the industry,” acknowledged Martin Derka, co-founder of Zircuit.
Zircuit’s Mainnet Section 1 is ready to launch within the coming weeks.
To study extra about Zircuit, customers can visit their website or learn the developer docs here.
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About Zircuit
Zircuit is a ZK rollup with AI-enabled sequencer-level safety and parallelized circuits. Constructed by a workforce of web3 safety veterans and PhDs in laptop science, algorithms, and cryptography, Zircuit’s distinctive structure combines the perfect of each worlds of efficiency and safety. To study extra visit their website or observe us on Twitter/X.
Jessica
Zircuit
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