The infrastructure provider Delphinus Lab, which developed the first open-source zkWASM virtual machine known to exist and provides trustless computing and application SDKs, received funding from Binance Labs, the venture capital and incubator part of Binance.
Binance Labs Invests in the First Open-Source zkWASM Virtual Machine Delphinus
Binance Labs announced the investment with a post on X.
At Binance Labs, we’re committed to supporting projects building critical infrastructure to propel the growth of Web3 applications. Delphinus Lab’s zkWASM implementation will welcome a new wave of Web2 developers onto the Web3 landscape. We look forward to witnessing Delphinus Lab lead the zkWASM narrative, and enabling widespread adoption of Web3 applications among developers and end users.
What is zkWASM?
Using their favorite programming language and zkWASM technology, developers may create zero-knowledge (ZK) apps and deploy them throughout environments that accept WebAssembly (WASM). A more trustworthy and decentralized digital environment is made possible by the advent of zero-knowledge-proof technology mixed with WASM, which improves the security and privacy of apps.
What will the Investment be Used for?
Binance Labs’ investment will help to continue the development of Delphinus Lab’s zkWASM-based application rollup platform, zkWASM Hub, which offers application workloads with customized WASM extensions automated proving and batching services. Through the platform’s auto compilation and updating service, developers can also deploy their GitHub applications into the zkWASM Hub.
Our 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. Our goal is to enable next-generation Web3 DApps that leverage the robustness of Web2 while embracing the decentralized, trustless nature of Web3. We’re excited to partner with Binance Labs, a leading player, and anticipate the adoption of WASM-based applications.Sinka Gao, Founder & CEO of Delphinus Lab.
About Delphinus Lab
With the first open-source zero-knowledge virtual machine created to support WASM, Delphinus Lab is at the forefront of zkWASM innovation in the Web3 domain. Developers have easy access to this development through the zkWASM Hub, which has changed the way secure and effective decentralized apps are developed.
About Binance Labs
Binance Labs, which serves as Binance’s accelerator and venture capital division, is now valued at nearly $9 billion. With a return on investment rate of more than 10X, its portfolio includes 200 projects from more than 25 nations across six continents.