Binance Labs announces investment in Ethereum L2 developer Zircuit.

ChainCatcher news, Binance Labs announced an investment in Ethereum Layer2 network developer Zircuit, with the amount undisclosed. Binance Labs' investment in Zircuit was made before the network's mainnet launch this summer. Both companies declined to disclose the scale of the investment and other terms of the deal.

According to the Web3 asset data platform RootData, Zircuit is an EVM-compatible zero-knowledge rollup, and the network's unique hybrid architecture combines optimistic infrastructure with zero-knowledge proofs, providing developers with the best of both worlds.