Zircuit

LayerZero

Nomad

Partner

Zircuit, a company developing an EVM-compatible ZK rollup with AI-enabled security features, has <a href="https://btcpeers.com/press-releases/zircuit-raises-mainnet-funding-round-with-participation-from-binance-labs-mirana-ventures-and-others/" rel="noopener noreferrer nofollow">announced</a> a successful Mainnet funding round. The investment saw participation from several prominent entities in the cryptocurrency space, including Binance Labs, Mirana Ventures, Amber Group, and others. Additionally, founders of notable blockchain projects such as Renzo, Etherfi, Pendle, and LayerZero contributed as angel investors.
The funding comes at a crucial time for Zircuit, as the company prepares for its Mainnet Phase 1 launch in the coming weeks. With over $2.9 billion in staked assets already on its network, Zircuit aims to use the new capital to accelerate ecosystem growth and activity. The company's focus is on providing enhanced security for decentralized applications (dApps) and their users through its innovative infrastructure.
Zircuit's approach to blockchain security involves a novel architecture that incorporates sequencer-level security and automated AI techniques. This design is intended to protect against smart contract exploits and malicious actors, addressing persistent security concerns in the cryptocurrency space. The company claims its hybrid architecture allows for a fast, low-cost, and fully EVM-compatible ZK rollup without compromising on security.
One of Zircuit's key objectives is to become a central hub for restaked assets. The company plans to offer users the ability to earn competitive yields natively while benefiting from its enhanced security measures. This initiative aims to simplify the process of allocating capital in the evolving landscape of liquid restaking, where new protocols frequently emerge.
Yi He, Co-Founder of Binance and Head of Binance Labs, expressed support for Zircuit's innovative approach to Layer 2 solutions. Similarly, Erick Zhang, Managing Partner of Nomad Capital, highlighted the company's strong growth strategy and the rapid increase in assets locked on the platform since its launch.
Martin Derka, co-founder of Zircuit, emphasized the company's goal of providing infrastructure to facilitate mainstream adoption of web3 technologies. He stated that their research into rollups and blockchain security has enabled them to create a Layer 2 network offering both security and scalability.
As Zircuit approaches its Mainnet Phase 1 launch, the company has made resources available for developers and users interested in participating in its ecosystem. These include developer documentation, a Build to Earn program, and a staking platform, all accessible through the company's website.

Zircuit Secures Mainnet Funding from Major Crypto Investors

BTC Peers

Other articles published on Jul 24, 2024

Here are the Altcoins Developers Focused on the Most in the Last Month

4 Best Solana Tokens to Watch in July for Explosive Growth

Shiba Inu’s Path to $0.001: 2 Key Factors Driving the Surge

Riot Platforms Enhances Mining Capacity with $92.5M Block Mining Acquisition

Trump Fired Biden Solana Memecoin Will Explode 17,000% Before First Exchange Listing, As SHIB and...

What is SSV Network Coin?

Join our free newsletter for daily crypto updates!