George Town, Cayman Islands, July 22nd, 2024,
Chainwire
Zircuit, a fully
EVM-compatible ZK rollup with AI-enabled sequencer level security,
today announced 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 supercharge ecosystem growth and activity on its
network, building upon a strong technical foundation and over $2.9
billion in staked assets.
Since 2022, the Zircuit team has built
a new L2 network that introduces a revolutionary new approach to
onchain security. Zircuit protects dApps and their users from
blockchain vulnerabilities through its novel infrastructure that is
armored by sequencer-level security and built-in, automated AI
techniques to guard against smart contract exploits and malicious
actors. The network’s hybrid architecture also results in a fast,
low-cost, and fully EVM-compatible ZK rollup, offering unparalleled
security for users without compromising speed or compatibility.
Bolstered by its strong security
infrastructure, Zircuit plans to become a central hub for restaked
assets that features unparalleled security and allows users to earn
industry-leading yields natively. The landscape of liquid restaking
is still nascent and rapidly evolving and new LRT protocols are
constantly emerging, making it challenging for even experienced
users to track and choose the best and the safest protocols for
deploying their capital. Zircuit aims to address this problem by
becoming a major liquidity hub for restaked assets (ETH, BTC, LSTs,
and LRTs) where users can easily allocate their capital and have
peace of mind knowing that funds are deployed to the safest and
highest quality protocols.
“At Binance Labs, we support projects that are
innovating in Web3 and accelerating the blockchain industry.
Through its integration of sequencer level security, Zircuit is
providing a more secure L2 solution and we look forward to watching
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 almost daily. Zircuit, founded by
top security veterans, leads the industry with its best-in-class
security architecture. The team’s clear growth strategy has led to
explosive growth in assets locked 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 toward mainstream
adoption, Zircuit will empower this growth by providing the
necessary infrastructure 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’re proud to have the support of Binance Labs, Mirana Ventures,
and our other investors as we approach our first phase of Mainnet
and establish Zircuit as a cornerstone in the industry,”
stated Martin Derka, co-founder of
Zircuit.
Zircuit’s Mainnet Phase 1 is set to
launch in the coming weeks.
To learn more about Zircuit, users can visit zircuit.com or read the developer docs at docs.zircuit.com
To participate in Build to Earn, users
can visit: https://build.zircuit.com/
To participate in Zircuit Staking,
users can visit: https://stake.zircuit.com/
About
Zircuit
Zircuit is a ZK rollup with AI-enabled
sequencer-level security and parallelized circuits. Built 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 of performance and security. To learn more visit
zircuit.com or follow us on Twitter/X @ZircuitL2
Contact
Jessica
Zircuit
jessica@zircuit.com