Binance has revealed its next investment in blockchain development

The venture capital arm of the world's largest crypto exchange, Binance Labs, is moving forward with integrating artificial intelligence (AI) technology with blockchain in its latest investment.

In recent message Binance Labs has revealed its investment in Zircuit, a new layer 2 network. Zircuit's LXNUMX infrastructure combines rollups technology with zero-knowledge proofs to deliver fast, cheap and Ethereum Virtual Machine (EVM) compatible transactions.

Martin Derka (Co-founder of Zircuit) noted , that the architecture of this network is designed to improve efficiency while reducing operating costs.

The announcement also mentions the "Build to Earn" program, which has gathered more than 1,100 apps from developers and secured key partners whose products will be launched with more than $3.5 billion in staked assets once it goes live in a few months.

According to him, they created Zircuit after conducting extensive scaling as well as security research required for any such network. He added that these improvements are based on a strong technical foundation aimed at making Ethereum secure for over one billion new users.

"Binance Labs believes in supporting projects that drive Web3 innovation and advance the blockchain industry", said Yi He (Co-Founder at Binance; Head of Binance Labs).