Binance Labs Funds Delphinus Lab's zkWASM VM for Web3 Evolution
blockchain.newsBinance Labs, the esteemed venture capital division of Binance with a valuation surpassing $9 billion, has announced a strategic investment in Delphinus Lab. This collaboration underscores the rising significance of the zkWASM domain, where Delphinus Lab has made notable strides by launching the pioneering open-source zkWASM virtual machine.
At the heart of this innovation lies the amalgamation of two groundbreaking technologies. Firstly, «zk» stands for zero-knowledge proofs, a sophisticated cryptographic method that ensures data privacy by allowing one party to prove knowledge of specific information without revealing the actual data. Secondly, «WASM» represents WebAssembly, a cutting-edge binary instruction format. Designed to run code at near-native speeds in web environments, WASM has revolutionized the way developers approach web-based applications.
Together, the integration of zk and WASM in the zkWASM virtual machine offers a platform that champions both security and efficiency. This synergy is poised to redefine the landscape of decentralized applications, ensuring they are not only robust and fast but also prioritize user privacy.
Yi He, Co-Founder of Binance and a leading figure in the crypto space, expressed his optimism regarding this partnership. He highlighted the transformative potential of Delphinus Lab's zkWASM implementation, emphasizing its capacity to attract a new generation of Web2 developers into the evolving Web3 ecosystem. He further commented on the pivotal role such innovations play in broadening the acceptance and adoption of Web3 applications among developers and end-users alike.
The capital infusion from Binance Labs is earmarked to bolster the continued development and expansion of
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