George City, Cayman Islands, July twenty second, 2024, Chainwire
Zircuit, a completely EVM-compatible ZK rollup with AI-enabled sequencer stage safety, immediately introduced it raised a Mainnet funding spherical with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robotic Ventures, Nomad Capital, Borderless Capital, and distinguished angel traders together with the founders of Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and extra. With this new funding, Zircuit will be capable to supercharge ecosystem progress and exercise on its community, constructing upon a powerful technical basis and over $2.9 billion in staked property.
Since 2022, the Zircuit workforce has constructed a brand new L2 community that introduces a revolutionary new method to onchain safety. Zircuit protects dApps and their customers from blockchain vulnerabilities by its novel infrastructure that’s armored by sequencer-level safety and built-in, automated AI strategies to protect in opposition to good contract exploits and malicious actors. The community’s hybrid structure additionally ends in a quick, low-cost, and absolutely EVM-compatible ZK rollup, providing unparalleled safety for customers with out compromising velocity or compatibility.
Bolstered by its sturdy safety infrastructure, Zircuit plans to develop into a central hub for restaked property that options unparalleled safety and permits customers to earn industry-leading yields natively. The panorama of liquid restaking continues to be nascent and quickly evolving and new LRT protocols are always rising, making it difficult for even skilled customers to trace and select the very best and the most secure protocols for deploying their capital. Zircuit goals to handle this drawback by changing into a significant liquidity hub for restaked property (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 assist tasks which might be innovating in Web3 and accelerating the blockchain {industry}. By means of its integration of sequencer stage safety, Zircuit is offering a safer L2 resolution and we look ahead to watching it develop and develop additional,” mentioned Yi He, Co-Founding father of Binance and Head of Binance Labs.
“Safety has been a persistent challenge within the crypto house, with breaches occurring virtually each day. Zircuit, based by high safety veterans, leads the {industry} with its best-in-class safety structure. The workforce’s clear progress technique has led to explosive progress in property locked since launch,” mentioned Erick Zhang, Managing Companion of Nomad Capital. “We’re excited to assist and proceed working with the Zircuit workforce.”
“Because the web3 house accelerates towards mainstream adoption, Zircuit will empower this progress by offering the mandatory infrastructure to onboard the lots. Our years of analysis into rollups and blockchain safety have allowed us to construct an L2 community with unparalleled safety and scalability. We’re proud to have the assist of Binance Labs, Mirana Ventures, and our different traders as we method our first part of Mainnet and set up Zircuit as a cornerstone within the {industry},” acknowledged Martin Derka, co-founder of Zircuit.
Zircuit’s Mainnet Part 1 is about to launch within the coming weeks.
To be taught extra about Zircuit, customers can go to zircuit.com or learn the developer docs at docs.zircuit.com
To take part in Construct to Earn, customers can go to: https://construct.zircuit.com/
To take part in Zircuit Staking, customers can go to: https://stake.zircuit.com/
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 pc science, algorithms, and cryptography, Zircuit’s distinctive structure combines the very best of each worlds of efficiency and safety. To be taught extra go to zircuit.com or observe us on Twitter/X @ZircuitL2
Contact
Jessica
Zircuit
[email protected]
