{"id":140860,"date":"2023-09-01T22:47:55","date_gmt":"2023-09-01T17:17:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=140860"},"modified":"2023-09-01T22:47:55","modified_gmt":"2023-09-01T17:17:55","slug":"zk-proof-web3-infrastructure-developer-gets-backing-from-binance-labs-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/zk-proof-web3-infrastructure-developer-gets-backing-from-binance-labs-crypto-news\/","title":{"rendered":"ZK-proof Web3 infrastructure developer gets backing from Binance Labs – Crypto News"},"content":{"rendered":"
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Zero-knowledge proof<\/a> technology continues to garner interest and investment as Binance Labs becomes the latest firm to invest in ZK-proof-powered infrastructure developed by Delphinus Lab.<\/p>\n

Binance\u2019s venture capital arm announced a strategic investment into Delphinus Lab\u2019s zero-knowledge WebAssembly (zk-WASM) virtual machine. The zk-WASM is being labeled as the first known open-source virtual machine to support ZK computation and application software development kits.<\/p>\n

Cointelegraph can exclusively reveal that Binance Labs is investing $2.2 million into Delphinus Lab, with the funds\u00a0set to facilitate the ongoing development of its application rollup platform, zkWASM Hub, which will provide automated proving and batching services for Web3 applications.<\/p>\n

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We’re excited to announce we’ve invested in @DelphinusLab<\/a>! <\/p>\n

Delphinus Lab is an infrastructure provider that has implemented the first known open-source zkWASM virtual machine that supports trustless computation and application SDKs.https:\/\/t.co\/geWtkfBShm<\/a><\/p>\n

\u2014 Binance Labs Fund (@BinanceLabs) August 21, 2023<\/a><\/p><\/blockquote>\n

WebAssembly (WASM) remains an important cog across the wider internet as a virtual machine that allows code from popular programming languages to be run natively on web browsers. WASM was developed in a\u00a0collaboration<\/a>\u00a0including Google, Mozilla, Microsoft and Apple in 2017.<\/p>\n

The infrastructure aims to facilitate the development of ZK applications across different developer languages that can be deployed across WASM-supported environments. ZK-proof technology is widely touted to increase the security and privacy of decentralized applications<\/a>.<\/p>\n

The zkWASM Hub will also allow developers to distribute GitHub applications into its ecosystem through its auto-compilation and updating service.<\/p>\n

Related:<\/em><\/strong> Zero-knowledge proofs coming to Bitcoin, overhauling network state validation<\/em><\/strong><\/a><\/p>\n

Binance Labs also noted that Delphinus Lab has implemented several application-specific software development kits in different languages across multiple applications. This includes dynamic programmable nonfungible tokens, fully on-chain games, high-performing trustless Central Limited Order Book (CLOB) and trustless oracles.<\/p>\n

A statement from Delphinus Lab founder and CEO Sinka Gao highlighted the firm\u2019s hopes to see Web3 decentralized applications created that combine Web2\u2019s \u201crobustness\u201d with Web3s \u201cdecentralized, trustless\u201d nature:<\/p>\n

\u201cOur zkWASM Hub introduces a streamlined multi-chain execution layer for developers to easily deploy and manage their WASM-backed apps in a dynamic rollup environment.\u201d<\/p><\/blockquote>\n

Binance Labs also noted that it was looking to employ its venture funds into the wider ecosystem with a focus on projects that enable scalability while looking into application layers that could onboard more users to Web3.<\/p>\n

The spokesperson added that its investment focus was on innovative technology and critical infrastructure to power new sectors. This includes modular blockchain, liquid staking decentralized finance protocols and ZK-proof solutions.<\/p>\n

Related:<\/em><\/strong> Are ZK-proofs the answer to Bitcoin\u2019s Ordinal and BRC-20 problem?<\/em><\/strong><\/a><\/p>\n

As Cointelegraph has explored at length, ZK-proof technology<\/a> has proved to be influential in helping scale the Ethereum ecosystem. A number of prominent companies, including the likes of Consensys<\/a>, Polygon <\/a>and ZK-proof pioneers StarkWare<\/a>, have been at the forefront of ZK-powered technologies and infrastructure development.<\/p>\n

Decentralized Web3 data service Space and Time is using ZK-proof technology to\u00a0cryptographically verify information queries<\/a>\u00a0within its ecosystem. The firm\u2019s\u00a0Proof of SQL generates a succinct non-interactive argument of knowledge, or SNARK, cryptographic proof of a query within its decentralized data network, allowing users to trust that a data query is accurate and has not been manipulated.<\/p>\n

Collect this article as an NFT<\/a><\/em><\/strong> to preserve this moment in history and show your support for independent journalism in the crypto space.<\/em><\/em><\/p>\n

Magazine:\u00a0ZK-rollups are \u2018the endgame\u2019 for scaling blockchains: Polygon Miden founder<\/a><\/strong><\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Zero-knowledge proof technology continues to garner interest and investment as Binance Labs becomes the latest firm to invest in ZK-proof-powered infrastructure developed by Delphinus Lab. Binance\u2019s venture capital arm announced a strategic investment into Delphinus Lab\u2019s zero-knowledge WebAssembly (zk-WASM) virtual machine. The zk-WASM is being labeled as the first known open-source virtual machine to support […]<\/p>\n","protected":false},"author":2,"featured_media":140861,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-140860","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=140860"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140860\/revisions"}],"predecessor-version":[{"id":147185,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/140860\/revisions\/147185"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/140861"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=140860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=140860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=140860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}