George Town, Cayman Islands, July 22nd, 2024, Chainwire – Zircuit, a cutting-edge ZK rollup with AI-enabled sequencer level security, has successfully raised a significant Mainnet funding round. The round saw participation from industry giants such as Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, and more. Additionally, prominent angel investors including the founders of Renzo, Etherfi, Pendle, and others have also contributed to this funding.
With this new injection of capital, Zircuit is poised to accelerate ecosystem growth and activity on its network. The company has already established a strong technical foundation and boasts over $2.9 billion in staked assets.
Since 2022, Zircuit has been developing a revolutionary L2 network that prioritizes onchain security. By leveraging sequencer-level security and AI techniques, Zircuit is able to protect dApps and users from blockchain vulnerabilities and malicious actors. The network’s hybrid architecture enables a fast, low-cost, and fully EVM-compatible ZK rollup, ensuring security without compromising speed or compatibility.
Looking ahead, Zircuit aims to become a central hub for restaked assets, offering users unparalleled security and industry-leading yields. The company’s vision is to simplify the landscape of liquid restaking and provide a safe and efficient platform for users to deploy their capital.
Key investors have expressed their support for Zircuit, highlighting the company’s innovative approach to Web3 security. Yi He, Co-Founder of Binance and Head of Binance Labs, emphasized the importance of Zircuit’s sequencer level security in providing a more secure L2 solution. Erick Zhang, Managing Partner of Nomad Capital, praised Zircuit’s best-in-class security architecture and clear growth strategy.
Zircuit’s Mainnet Phase 1 is set to launch in the coming weeks, marking a significant milestone for the company and its investors.
To learn more about Zircuit, visit zircuit.com or read the developer docs at docs.zircuit.com. For participation in Build to Earn or Zircuit Staking, visit the respective links on the company’s website.
Zircuit is a ZK rollup with AI-enabled sequencer-level security, led by a team of experienced web3 security veterans and experts in computer science and cryptography. Follow Zircuit on Twitter/X @ZircuitL2.
Contact Jessica at jessica@zircuit.com for more information.
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Analysis:
Zircuit, a leading ZK rollup platform, has secured a significant Mainnet funding round with support from top investors including Binance Labs and Mirana Ventures. The company’s focus on sequencer-level security and AI-enabled techniques sets it apart in the blockchain industry, offering users unparalleled security and performance. With the upcoming launch of Mainnet Phase 1, Zircuit is poised to become a major player in the industry, providing a safe and efficient platform for restaked assets and industry-leading yields. Investors and users alike should keep an eye on Zircuit’s developments as it continues to grow and innovate in the Web3 space.