George Town, Cayman Islands, July 22, 2024, Chainwire
Zircuit, a fully EVM-compliant ZK stack with AI-enabled sequencer-level security, today announced that it has 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 fresh funding, Zircuit will be able to supercharge the growth of its ecosystem and activity on its network, building on its solid technical foundation and over $2.9 billion in staked assets.
Since 2022, the Zircuit team has built a fresh L2 network that introduces a revolutionary approach to on-chain security. Zircuit protects decentralized applications and their users from blockchain vulnerabilities with its cutting-edge infrastructure, which is secured by sequencer-level security and built-in, automated AI techniques to protect against intelligent contract attacks and malicious actors. The hybrid network architecture also provides a quick, affordable, and fully EVM-compliant ZK solution, offering unparalleled security to users without compromising speed or compatibility.
With its robust security infrastructure, Zircuit aims to become the central hub for restacking assets that offers unparalleled security and allows users to natively earn industry-leading profits. The liquid restacking landscape is still in its infancy and is rapidly evolving, with fresh LRT protocols constantly emerging, making it hard for even experienced users to track and choose the best and safest protocols to deploy their capital. Zircuit aims to address this by becoming the primary liquidity hub for restacking assets (ETH, BTC, LST, and LRT) where users can easily allocate their capital and rest assured that funds are being deployed on the safest and highest quality protocols.
“At Binance Labs, we support projects that innovate Web3 and advance the blockchain industry. With the integration of sequencer-level security, Zircuit provides a more secure L2 solution, and we look forward to watching it continue to evolve and grow.” said Yi He, co-founder of Binance and head of Binance Labs.
“Security is a constant concern in the crypto space, with breaches occurring almost daily. Founded by top security veterans, Zircuit is an industry leader 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 necessary infrastructure to enable 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.
The first phase of the Zircuit mainnet is scheduled to launch in the coming weeks.
To learn more about Zircuit, users can visit zircuit.com or read the developer documentation at docs.zircuit.com
To participate in the Build to Earn program, 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 suite with AI-enabled sequencer-level security and parallel 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 in performance and security. To learn more, visit zircuit.com or follow us on Twitter/X @ZircuitL2
contactJessicaZircuitjessica@zircuit.com
