George Town, Cayman Islands, July 22, 2024, Chainwire
Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer-level security, today announced that it raised a mainnet funding round with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, and prominent angel investors including the founders of Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and more. With this new funding, Zircuit will be able to fuel ecosystem growth and activity on its network, building on a strong technical foundation and over $2.9B in staked assets.
Since 2022, the Zircuit team has built a new L2 network that introduces a revolutionary new approach to on-chain security. Zircuit protects dApps and their users from blockchain vulnerabilities through its novel infrastructure that is shielded by sequencer-level security and built-in automated AI techniques to protect against smart contract exploits and malicious actors. The network’s hybrid architecture also results in a fast, low-cost, and fully EVM-compatible ZK deployment, offering unparalleled security for users without compromising speed or compatibility.
Backed by its robust security infrastructure, Zircuit plans to become a central hub for re-staking assets that boasts unparalleled security and enables users to earn industry-leading returns natively. The liquid re-staking landscape is still nascent and rapidly evolving with new LRT protocols constantly emerging, making it challenging for even experienced users to track and choose the best and most secure protocols to deploy their capital. Zircuit aims to address this issue by becoming a major liquidity hub for re-staking assets (ETH, BTC, LST, and LRT) where users can easily allocate their capital and have peace of mind knowing that funds are deployed on the most secure and highest quality protocols.
“At Binance Labs, we support projects that are innovating Web3 and accelerating the blockchain industry. Through its sequencer-level security integration, Zircuit is providing a more secure L2 solution and we look forward to seeing it grow and develop further.” said Yi He, co-founder of Binance and head of Binance Labs.
“Security has been a persistent issue in the crypto space, with breaches occurring on an almost daily basis. Founded by top security veterans, Zircuit leads the industry with its best-in-class security architecture. The team's clear growth strategy has led to explosive growth in locked assets since launch.” said Erick Zhang, managing partner of Nomad Capital. “We are excited to support and continue working with the Zircuit team.”
“As the web3 space accelerates towards mainstream adoption, Zircuit will power this growth by providing the infrastructure needed to onboard the masses. Our years of research into rollups and blockchain security have allowed us to build an L2 network with unparalleled security and scalability. We are proud to have the support of Binance Labs, Mirana Ventures, and our other investors as we approach our first Mainnet phase and establish Zircuit as a cornerstone in the industry.” said Martin Derka, co-founder of Zircuit.
Zircuit Mainnet Phase 1 will be launched in the coming weeks.
For more information about Zircuit, users can visit zircuit.com or read the developer documentation at docs.zircuit.com
To participate in Build to Earn, users can visit:
To participate in Zircuit Staking, users can visit:
About Zircuit
Zircuit is a ZK package with AI-enabled sequencer-level security and parallelized circuits. Developed by a team of web3 security veterans and PhDs in computer science, algorithms, and cryptography, Zircuit’s unique architecture combines the best of both worlds: performance and security. For more information, visit zircuit.com or follow us on Twitter/X @ZircuitL2
ContactJessicaCircuit[email protected]
This article was originally published on Chainwire
