The venture capital and incubator division of Binance, Binance Labs, has decided to invest in Zircuit, a zero-knowledge rollup with AI-enabled sequencer-level security. The investment comes at a time when Binance has heavily invested in blockchain-based startups and creative Web3 initiatives.
Binance Labs’ investment in Zircuit also comes at a time when AI-backed security tools are gaining more and more popularity among the masses. Zircuit is also in the middle of launching its mainnet, which the firm has teased in the announcement as well.
Zircuit’s Mainnet Launch
Zircuit’s ecosystem is growing fast in advance of its mainnet launch this summer. With more than 1,100 applications, the network currently houses over $3.5 billion in staked assets under its “Build to Earn” program. Its launch partners include Ambient, Pendle, LayerZero, Elixir, Ethena, Renzo, and Ether.fi, KelpDAO, and others.
ZK rollup Zircuit features parallelized circuitry and AI-enabled sequencer-level security. Through its monitoring of the mempool for harmful transactions and its ability to stop them from being included in a block, Zircuit has tried to safeguard users at the sequencer level. Zircuit takes a different approach to security by targeting the underlying sequencer level, as opposed to conventional approaches that concentrate on the application and smart contract levels.
Why Is Binance’s Zircuit Investment Useful?
AI-backed security systems are the current talk of the towns. Artificial intelligence security solutions are computer programs that automate cyber security procedures by utilizing deep neural networks, machine learning, and big data processing. Cyber threat detection, vulnerability management, and public attack surface monitoring are some of these processes.
Zircuit, which incorporates all the important functions of security apps backed by AI, has great compatibility with Ethereum apps. It works with all popular wallets, including MetaMask, and tools, like Hardhat. Without the need to pick up a new programming language or framework, Zircuit can deploy Ethereum dApps with ease.
Binance’s investment in Zircuit is a demonstration of their increasing faith in the ability of AI-driven security solutions to help Ethereum scale. Market participants currently hope that the firm’s methodology will usher in a more secure and effective era for distributed applications in the digital space.
