Binance Labs, the $10 billion venture capital and incubation arm of the crypto exchange Binance, has invested an undisclosed sum in Zircuit, an Ethereum Layer 2 network developer.

Zircuit is a zero-knowledge rollup with "AI-enabled sequencer-level security," Binance Labs said Tuesday. The firm added that its investment will help Zircuit grow and develop its network further.

Binance Labs' investment in Zircuit comes ahead of the network's mainnet launch this summer. Both firms declined to disclose the size of the investment and other terms of the deal. Zircuit is also backed by Pantera Capital and Dragonfly, according to its bio on X.

What is Zircuit?

Zircuit is an Ethereum Virtual Machine-compatible ZK rollup that can be compared to similar projects such as ZKsync, Scroll and Linea.

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