Binance Labs Backs Platform to Enhance Blockchain with Off-Chain Computation for dApps

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.

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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.

Source

Alexander Zdravkov