Zircuit, a company based in George Town, Cayman Islands, has recently secured funding for its Mainnet. The funding round included support from Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, and various angel investors. This funding will enable Zircuit to enhance its network and ecosystem, which already has over $2.9 billion in staked assets.
Zircuit has been working on a Layer 2 network since 2022, focusing on improving onchain security. Their platform offers a unique approach to protecting decentralized applications (dApps) and users from blockchain vulnerabilities. With advanced sequencer-level security and AI techniques, Zircuit aims to prevent smart contract exploits and malicious activities. Additionally, their hybrid architecture allows for fast, cost-effective, and fully EVM-compatible ZK rollups, ensuring high security without sacrificing speed or compatibility.
With a strong security foundation, Zircuit plans to become a central hub for restaked assets, providing users with secure and high-yield options for their assets. The company recognizes the challenges in the liquid restaking landscape, where new protocols are constantly emerging. By offering a safe and quality platform for assets like ETH, BTC, LSTs, and LRTs, Zircuit aims to simplify the process for users and give them confidence in their investments.
Key figures in the industry have voiced their support for Zircuit’s innovative approach. Binance Labs, known for backing projects that drive Web3 innovation, sees potential in Zircuit’s security features. Nomad Capital’s Managing Partner, Erick Zhang, commended Zircuit for its security architecture and growth strategy. Co-founder Martin Derka expressed pride in Zircuit’s progress and emphasized the support from investors like Binance Labs and Mirana Ventures.
Zircuit is gearing up to launch Phase 1 of its Mainnet in the near future. For those interested in learning more about Zircuit, they can visit the company’s website or explore the developer documentation. Users can also participate in programs like Build to Earn and Zircuit Staking to engage with the platform and its features.
Zircuit’s team, comprised of web3 security experts and PhDs in computer science, algorithms, and cryptography, aims to establish the company as a key player in the industry. Their focus on security, scalability, and performance sets them apart in the rapidly evolving blockchain space. As Zircuit prepares for its Mainnet launch, the support from investors and the broader community will be instrumental in driving the company’s success.