George City, Cayman Islands, July 22, 2024, Chainwire
Zircuit, a completely EVM-compatible ZK rollup with AI-enabled sequencer-level safety, immediately introduced it has raised a mainnet funding spherical with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robotic Ventures, Nomad Capital, Borderless Capital, and notable angel buyers together with founders of Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and so on. This new funding will allow Zircuit to construct on its sturdy technical basis and over $2.9 billion in staked belongings to speed up ecosystem progress and exercise on the community.
Since 2022, the Zircuit staff has been constructing a brand new L2 community that introduces a revolutionary new strategy to on-chain safety. By a brand new infrastructure powered by sequencer-level safety and built-in automated AI strategies, Zircuit protects dApps and their customers from blockchain vulnerabilities, safeguarding in opposition to sensible contract abuse and malicious actors. The community's hybrid structure additionally permits quick, low-cost, absolutely EVM-compatible ZK rollups, offering customers with unparalleled safety with out compromising velocity or compatibility.
Backed by a robust safety infrastructure, Zircuit goals to develop into a central hub for restaked belongings with unparalleled safety and the place customers can natively earn industry-leading yields. The liquid restak panorama continues to be in its infancy and is quickly evolving, with new LRT protocols continuously rising, making it troublesome for even skilled customers to maintain observe of and choose one of the best and most safe protocol to deploy their capital. Zircuit goals to resolve this downside by changing into the main liquidity hub for restaked belongings (ETH, BTC, LST, and LRT) the place customers can simply allocate their capital and relaxation simple figuring out their funds are being deployed within the most secure and highest high quality protocols.
“At Binance Labs, we help tasks that innovate in Web3 and speed up the blockchain {industry}. By integrating sequencer-level safety, Zircuit gives a safer L2 answer and we stay up for watching it develop and develop additional.” Yi He, co-founder of Binance and head of Binance Labs, mentioned:
“Safety is a persistent difficulty within the crypto area, with breaches occurring nearly each day. Based by high safety veterans, Zircuit leads the {industry} with best-in-class safety structure. The staff's clear progress technique has seen an explosive enhance in locked belongings since inception.” Eric Chan, managing accomplice at Nomad Capital, mentioned: “We’re happy to help and proceed to work with the Zircuit staff.”
“Because the Web3 area accelerates in direction of mainstream adoption, Zircuit will facilitate this progress by offering the infrastructure vital for mass adoption. 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 help of Binance Labs, Mirana Ventures, and different buyers as we strategy the primary section of mainnet and set up Zircuit as a cornerstone of the {industry}.” “Zircuit is a recreation changer,” mentioned Martin DeLuca, co-founder of Zircuit.
Zircuit’s mainnet section 1 is anticipated to launch within the coming weeks.
To be taught extra about Zircuit, 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 Zillquit
Zircuit is a ZK rollup with AI-enabled sequencer-level safety and parallelized circuits. Constructed by a staff of Web3 safety veterans and PhDs in laptop science, algorithms, and cryptography, Zircuit's distinctive structure combines one of the best of each worlds: efficiency and safety. For extra data, go to zircuit.com or comply with us on Twitter/X @ZircuitL2.
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