Monday, July 29, 2024 – Zircuit, an EVM-compatible ZK rollup, announced the completion of its Manniet funding round on July 22, 2024, led by Binance Labs, Zircuit Blog post said.
Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, and angel investors including the founders of Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and more participated in the funding round.
The new funding could secure over $2.9 billion in staked assets, the Zircuit blog post read.
The reliability of Zircuit, along with its innovative strategies applied to the blockchain ecosystem, would supercharge the growth of Zircuit, facilitating investors and founders with an unprecedented Web3 experience, reports said.
Zircuit is an AI-enabled modular ZK rollup powered by L2 technology.
In 2022, the Zircuit team unveiled a novel L2 network tailored for the red flags continuously arising in the blockchain platform to fortify the dApps and the user base.
Zircuit expects to recogzine as the central hub for restaked assets, offering the hybrid infrastructure to deliver a faster, low-cost network and ensuring sequencer-level security for the platform to earn.
Manniet phase 1 will be launched in the coming weeks, reports said.
