ZK-proof Web3 infrastructure developer gets backing from Binance Labs
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’s venture capital arm announced a strategic investment into Delphinus Lab’s 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.
Cointelegraph can exclusively reveal that Binance Labs is investing $2.2 million into Delphinus Lab, with the funds set to facilitate the ongoing development of its application rollup platform, zkWASM Hub, which will provide automated proving and batching services for Web3 applications.
We're excited to announce we've invested in @DelphinusLab!
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
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 collaboration including Google, Mozilla, Microsoft and Apple in 2017.
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.
The zkWASM Hub will also allow developers to distribute GitHub applications into its ecosystem through its auto-compilation and updating service.
Related: Zero-knowledge proofs coming to Bitcoin,
Read more on cointelegraph.com
