The ever-evolving landscape of blockchain and cryptocurrency has witnessed another significant step forward with Binance Lab, the venture capital arm of Binance investing in Delphinus Lab, a leading infrastructure provider in the zkWASM (Zero-Knowledge WebAssembly) space. The announcement of this investment was made on 21st August and marks a milestone opening up new doors for developers and users.
Delphinus Lab is a company providing solutions for trustless computation and an application SDK (Software Development Kit) built on the foundation of the zkWASM virtual machine. The company has been at the forefront of zero knowledge WebAssembly technology with the Web3 space introducing the world’s open source zero knowledge virtual machine specially designed to tailor WASM functionality. This groundbreaking innovation is made easily accessible to developers through the zkWASM Hub. The company is at the centre of redefining the security and efficiency of decentralized applications (dApps) in the world of blockchain.
The Founder and CEO of Delphinus Lab, Sinka Gao, said that their mission empowers the emergence of Web3 dApps, capitalizing on the robustness of Web2 while keeping the decentralized and trustless nature of Web3 intact. He added that with the introduction of the zkWASM hub, the company aims to offer a simplified multi-chain execution layer where the developers can effortlessly deploy and oversee their applications supported by the WASM framework.
The incubator and venture capital arm of Binance focusing on supporting early-stage blockchain startups is Binance Lab. The company lays prime importance on discovering and fostering the growth and development of Wen3 projects that have the potential to contribute to the advancement of blockchain technology. They take the extra mile ahead of investing to drive the startup’s growth by providing guidance and resources necessary to fuel such projects. The company has been a part of several innovative projects with the aim to make a positive difference in the blockchain industry.
Binance Lab’s Investment in Delphinus
With the aim to nurture transformative blockchain projects and fuel the expansion of the Web3 application, Binance Lab has announced its decision to invest in Delphinus Lab, the company behind an open-source zkWASM virtual machine. This development was made keeping in mind the convenience of the developers who can now create zero knowledge (zk) applications using their preferred programming languages.
The Head of Binance Labs, Yi He, expressed the team’s commitment and dedication to supporting projects that are working towards laying a strong foundation to drive the growth of Web3 applications. He further highlighted Delphinus Labs zkWASM to withhold the potential to attract a fresh wave of Web2 developers in the world of Web3. Binance Lab would eagerly wait on Delphinus to take the lead in the movement that would drive massive adoption of Web3 applications among both the developers and end users.
Binance Lab’s investment in Delphinus Lab is a significant step forward in the evolution of the Wen3 ecosystem. It not only highlights Binance Lab’s intention to propel the growth and development of blockchain projects but also showcases the potential of zkWASM technology. With the convergence of the security and privacy of zero-knowledge proofs and the performance of WASM, zkWASM can revolutionize the way decentralized applications are built.
Disclaimer: This article was created for informational purposes only and should not be taken as investment advice. An asset’s past performance does not predict its future returns. Before making an investment, please conduct your own research, as digital assets like cryptocurrencies are highly risky and volatile financial instruments.
