George City, Cayman Islands, 22 July 2024, Chainwire
Zircuit, a completely EVM suitable ZK rollup with AI sequencer stage safety, at this time introduced that it has launched a Mainnet funding spherical with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robotic Ventures, Nomad Capital, Borderless Capital and distinguished angel buyers together with founders of Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom and others. With this new funding, Zircuit will be capable of gasoline ecosystem progress and exercise on its community, constructing on a robust technical basis and greater than $2.9 billion in funding.
Since 2022, the Zircuit crew 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 via its new infrastructure, which is armored with sequencer-level safety and built-in, automated AI strategies that shield in opposition to good contract abuse and malicious actors. The hybrid community structure additionally leads to a quick, low-cost, and totally EVM-compliant ZK rollup that gives customers unmatched safety with out compromising pace or compatibility.
Bolstered by its sturdy safety infrastructure, Zircuit plans to change into a central hub for recovered belongings that options unmatched safety and allows customers to natively earn superior returns. The panorama of liquid reshuffling remains to be nascent and quickly evolving, with new LRT protocols rising on a regular basis, making it difficult even for knowledgeable customers to trace and select the very best and most secure protocols to deploy their capital. Zircuit goals to resolve this downside by changing into the primary liquidity hub for re-linked belongings (ETH, BTC, LST and LRT) the place customers can simply allocate their capital and have peace of thoughts understanding that funds are deployed in keeping with the most secure and highest high quality protocols.
“At Binance Labs, we help initiatives that innovate in Web3 and speed up the blockchain trade. By integrating safety on the sequencer stage, Zircuit supplies a safer L2 resolution and we look ahead to its continued progress and growth.” mentioned Yi He, co-founder of Binance and head of Binance Labs.
“Safety is an ongoing subject within the crypto house, with breaches occurring virtually day by day. Based by main safety veterans, Zircuit leads the trade with its best-in-class safety structure. The crew's clear progress technique has led to explosive progress in locked-in belongings since launch.” mentioned Erick Zhang, Managing Associate of Nomad Capital. “We’re excited to help and proceed to work with the Zircuit crew.”
“Because the web3 house accelerates in the direction of mainstream adoption, Zircuit will help this progress by offering the required infrastructure for the plenty. Our years of analysis into rollups and blockchain safety have allowed us to construct an L2 community with unmatched safety and scalability. We’re proud to have the help of Binance Labs, Mirana Ventures and our different buyers as we strategy our first section of Mainnet and set up Zircuit as a cornerstone within the trade.” mentioned Martin Derka, co-founder of Zircuit.
Zircuit's Mainnet Section 1 is about to launch within the coming weeks.
To study extra about Zircuit, customers can go to zircuit.com or learn the developer documentation 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 Circuit
Zircuit is a ZK rollup with sequencer stage safety with AI help and parallel circuits. Created by a crew of skilled web3 safety veterans and PhDs in laptop science, algorithms and cryptography, Zircuit's distinctive structure combines the very best of each worlds of efficiency and safety. To study extra, go to zircuit.com or comply with us on Twitter/X @CircuitL2
Contact
Jessica
Circuit
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