Binance Labs, the investment branch of Binance, the leading cryptocurrency exchange, has made a key investment in Brevis, a platform focused on zk-coprocessors.
Brevis is designed to enhance decentralized applications (dApps) by enabling secure, off-chain computations using historical blockchain data.
Andy Chang, Chief Investment Officer of Binance Labs, highlighted Brevis’ ability to significantly extend blockchain capabilities without relying on additional trust layers.
He pointed out that current smart contract systems are limited in computational power and data access, while Brevis’ asynchronous architecture can greatly improve blockchain functionality.
This investment aligns with Binance Labs’ goal of fostering early-stage Web3 innovations.
Brevis co-founder Michael Tung expressed excitement about the partnership, noting that Binance Labs’ support will help the platform bridge the gap between off-chain computing and on-chain trust. This will unlock new opportunities for data-driven decentralized applications.
Binance founder Changpeng Zhao is once again stirring innovation in crypto, this time calling for a new kind of decentralized exchange (DEX) that prioritizes privacy for large-scale traders.
Poland’s political landscape may be shifting in favor of crypto innovation following the election of Karol Nawrocki, a candidate who campaigned on promises to protect investor freedom and resist burdensome regulations.
Litecoin is taking a major leap into the world of DeFi and Web3 with the launch of LitVM, a newly introduced Layer-2 network designed to bring smart contract capabilities to the long-standing cryptocurrency.
Coinbase is gearing up to broaden its futures trading capabilities, introducing round-the-clock contracts for Solana (SOL), XRP, and Cardano (ADA) starting June 13.