Binance Labs, the venture capital arm of the world’s largest cryptocurrency exchange Binance, is pushing for the integration of artificial intelligence (AI) technology with blockchain in its latest investment.
In a recent announcement, Binance Labs revealed its investment in the new Layer 2 network Zircuit. Zircuit’s Layer 2 infrastructure combines technology with zero-knowledge proofs to provide fast, cheap, and Ethereum Virtual Machine (EVM) compatible transactions.
Martin Derka, co-founder of Zircuit, noted that the network’s architecture aims to improve efficiency while reducing operational costs.
The announcement also mentioned the “Build to Earn” program, which has attracted over 1,100 applications from developers and secured key partners whose products are set to launch within months, with pledged assets exceeding $3.5 billion.
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According to him, Zircuit was created after extensive scalability and security research required for such networks. He added that these improvements are based on a strong technical foundation, aimed at providing security for Ethereum for over 1 billion new users.
“Binance Labs believes in supporting projects that drive Web3 innovation and promote the development of the blockchain industry,” said He Yi, co-founder of Binance and head of Binance Incubator.
