Zircuit Secures Mainnet Funding Round with Involvement from Binance Labs, Mirana Ventures, and More

George Town, Cayman Islands, July 22, 2024, Chainwire

Zircuit , a fully EVM-compliant ZK rollup equipped with AI-driven security measures, has officially announced its successful Mainnet funding round, which saw participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, along with esteemed angel investors including the minds behind Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and others. This funding will empower Zircuit to accelerate the growth of its ecosystem and enhance activity across its network, leveraging a robust technical backbone supported by over $2.9 billion in staked assets. 

Since its inception in 2022, the Zircuit team has diligently developed a new Layer 2 network that presents a pioneering perspective on on-chain security. Zircuit shields decentralized applications (dApps) and users from the vulnerabilities of blockchain technology through its innovative infrastructure, fortified by sequencer-level protection and automated AI techniques designed to thwart smart contract hacks and malicious attacks. Furthermore, the network boasts a hybrid structure, resulting in a swift, economical, and fully EVM-compatible ZK rollup that guarantees exceptional security for users without compromising on speed or compatibility.

With its strong security framework, Zircuit intends to establish itself as a key hub for restaked assets that provides unmatched safety and allows users to earn top-tier yields natively. The realm of liquid restaking is still in its infancy and evolving quickly, with new liquid restaking protocols surfacing regularly. This creates hurdles for even seasoned investors trying to identify and select the most reliable and lucrative protocols for capital deployment. Zircuit aims to tackle this challenge by becoming a principal liquidity center for restaked assets (including ETH, BTC, LSTs, and LRTs) where users can seamlessly allocate their investments and rest easy knowing their funds are directed towards the safest and highest quality protocols.

"At Binance Labs, we champion projects that are driving innovation within Web3 and propelling the blockchain sector forward. By integrating sequencer-level security, Zircuit is introducing a more robust Layer 2 solution, and we are excited to witness its ongoing growth and development,\"

"Security has been a chronic concern in the crypto space, with breaches happening almost daily. Zircuit, founded by industry security experts, sets a benchmark with its top-notch security framework. The clear growth trajectory laid out by the team has contributed to significant increases in assets since its launch,\"

"As the Web3 domain continues its journey toward mainstream acceptance, Zircuit is well-positioned to facilitate this transition by offering the crucial infrastructure necessary to onboard larger audiences. Our years of research into rollups and blockchain security have culminated in the development of a Layer 2 network that boasts unmatched security and scalability. We’re grateful for the backing of Binance Labs, Mirana Ventures, and our various other investors as we prepare to roll out our initial phase of Mainnet, establishing Zircuit as a pillar within the industry,\"

The first phase of Zircuit’s Mainnet is expected to launch in the next few weeks.

For further information about Zircuit, users are encouraged to visit zircuit.com or read the developer docs at docs.zircuit.com  

For those interested in participating in Build to Earn, you can check out: https://build.zircuit.com/  

If you wish to take part in Zircuit Staking, please visit: https://stake.zircuit.com/  

About Zircuit 

Zircuit operates as a ZK rollup characterized by AI-enhanced sequencer-level security and optimized circuits. Developed by a team of web3 security luminaries and academics in computer science, algorithms, and cryptography, Zircuit’s architecture merges top-tier performance with robust security. For more insights, visit zircuit.com or follow us on Twitter/X @ZircuitL2

Contact

Jessica
Zircuit