Binance Labs Reveals Latest Investment in AIPowered Layer2 Cryptocurrency Project
The investment branch of the largest cryptocurrency exchange in the world is pushing forward with the integration of artificial intelligence (AI) technology and blockchain in its most recent investment. Binance Labs has announced its investment in Zircuit, a new Layer-2 (L2) network that incorporates AI-driven “sequencer level” security.
Zircuit’s L2 technology combines rollup infrastructure with zero-knowledge proofs to facilitate fast, cost-effective, and Ethereum Virtual Machine (EVM)-compatible transactions. Co-founder of the project, Martin Derka, explains, “Zircuit is the result of cutting-edge research in scaling and security. We are building on a strong technical foundation to enhance the safety of Ethereum for the next wave of users. We are excited to have Binance Labs join us on this journey.”
The network’s design focuses on breaking down circuits and consolidating proofs to improve efficiency and reduce operational costs. With over 1,100 applications reviewed through its “Build to Earn” program, Zircuit has secured top industry partners and amassed over $3.5 billion in staked assets. The mainnet launch is expected in the coming months.
Yi He, Co-Founder of Binance and Head of Binance Labs, expresses, “At Binance Labs, we are dedicated to supporting projects that drive innovation in Web3 and propel the blockchain industry forward. By prioritizing sequencer level security, Zircuit offers a more secure L2 solution, and we are eager to witness its growth and development.”
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