Zircuit Raises Mainnet Funding Spherical 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, as we speak 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 be capable to supercharge ecosystem development and exercise on its community, constructing upon a robust technical basis and over $2.9 billion in staked belongings.

Since 2022, the Zircuit staff 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 way 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 into 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 one of the best and the most secure protocols for deploying their capital. Zircuit goals to handle 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 understanding that funds are deployed to the most secure and highest high quality protocols.

“At Binance Labs, we assist tasks which can be innovating in Web3 and accelerating the blockchain {industry}. By its integration of sequencer stage safety, Zircuit is offering a safer L2 answer and we look ahead to watching it develop and develop additional,” stated Yi He, Co-Founding father of Binance and Head of Binance Labs.

“Safety has been a persistent problem within the crypto area, with breaches occurring nearly day by day. Zircuit, based by high safety veterans, leads the {industry} with its best-in-class safety structure. The staff’s clear development technique has led to explosive development in belongings locked since launch,” stated Erick Zhang, Managing Companion of Nomad Capital. “We’re excited to assist and proceed working with the Zircuit staff.”

“Because the web3 area accelerates towards mainstream adoption, Zircuit will empower this development by offering the required 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 buyers as we strategy 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 staff of web3 safety veterans and PhDs in pc science, algorithms, and cryptography, Zircuit’s distinctive structure combines one of the best of each worlds of efficiency and safety. To be taught extra go to zircuit.com or comply with us on Twitter/X @ZircuitL2

Contact

Jessica
Zircuit
[email protected]