Binance Labs, the venture capital and incubation arm of Binance, has invested in Delphinus Lab, an infrastructure provider that has implemented the first known open-source zkWASM virtual machine that supports trustless computation and application SDKs.

Binance Labs said in a statement on Monday that the funds invested will support the ongoing development of Delphinus Lab’s zkWASM-based application rollup platform, zkWASM Hub, which provides automated proving and batching services for application workloads with customizable WASM extensions.

It said the platform also allows developers to distribute their GitHub applications onto zkWASM Hub through its auto compilation and updating service.

It is noted that zkWASM technology enables developers to craft zero-knowledge (ZK) applications using their preferred programming language and deploy them across WebAssembly (WASM)-supported environments.

IThe introduction of zero-knowledge proof technology combined with WASM allows for enhanced security and privacy of applications, paving the way for a more trustless and decentralized digital landscape.

“At Binance Labs, we’re committed to supporting projects building critical infrastructure to propel the growth of Web3 applications,” said Yi He, Co-Founder of Binance and Head of Binance Labs.

“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,” he added.

According to the statement, WebAssembly (WASM) is a widely adopted virtual machine collaboratively developed by Google, Mozilla, Microsoft, and Apple in 2017. It allows code to run natively on browsers with popular programming languages used by developers worldwide.

Delphinus Lab’s zkWASM virtual machine plays a crucial role as a trustless bridge between feature-rich applications operating on WASM smart contracts on various blockchains.

“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,” Sinka Gao, Founder and Chief Executive Officer of Delphinus Lab.

Delphinus Lab is at the forefront of zkWASM innovation in the Web3 space, presenting the first implementation of an open-source zero-knowledge virtual machine designed to support WASM.

This advancement is easily accessible to developers via zkWASM Hub, redefining the landscape of secure and efficient decentralized applications.

As the venture capital arm and accelerator of Binance, Binance Labs has now grown to be worth over $9 billion.

Its portfolio covers 200 projects from over 25 countries across six continents and has a return on investment rate of over 10 times.

Fifty of Binance Labs’ portfolio companies are projects that have gone through its incubation programs.

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