Binance Labs Invests in Delphinus

Published on: 24.08.2023
Binance Labs Invests in Delphinus

Binance Labs Invests in Delphinus Labs, the first open-source zkWASM virtual machine, to support the next era of Web3 applications. Delphinus Lab aims to grow the ecosystem of Web3 DApps through a dedicated application-specific rollup service built on top of its novel zkWASM implementation.

The funds will be utilized for the ongoing development of Delphinus Lab’s zkWASM-based application rollup platform, zkWASM Hub, which provides automated proving and batching services for Web3 application development.

The zkWASM technology enables developers to craft zero-knowledge (ZK) applications using their preferred programming language and deploy them across WebAssembly (WASM)-)-supported environments. The introduction of zero-knowledge proof technology combined with WASM allows for enhanced security and privacy of applications, paving the way for a more trustless and decentralized digital landscape.

“At Binance Labs, we’re committed to supporting projects building critical infrastructure to propel the growth of Web3 applications. Delphinus Lab’s zkWASM implementation will welcome a new wave of Web2 developers onto the Web3 landscape. We look forward to witnessing Delphinus Lab lead the zkWASM narrative and enabling widespread adoption of Web3 applications among developers and end users.”—Yi He, Co-Founder of Binance and Head of Binance Labs

WebAssembly (WASM) is a widely adopted virtual machine collaboratively developed by Google, Mozilla, Microsoft, and Apple in 2017, it allows code to run natively on browsers with popular programming languages used by developers worldwide. Delphinus Lab’s zkWASM virtual machine plays a crucial role as a trustless bridge between feature-rich applications operating on WASM smart contracts on various blockchains.

Enabling The Next-Generation Web3 DApps

The funds invested by Binance Labs will support the ongoing development of Delphinus Lab’s zkWASM-based application rollup platform, zkWASM Hub, which provides automated proving and batching services for application workloads with customizable WASM extensions. The platform also allows developers to distribute their GitHub applications onto zkWASM Hub through its auto compilation and updating service.

“Our zkWASM Hub introduces a streamlined multi-chain execution layer for developers to easily deploy and manage their WASM-backed apps in a dynamic rollup environment. Our goal is to enable next-generation Web3 DApps that leverage the robustness of Web2 while embracing the decentralized, trustless nature of Web3. We’re excited to partner with Binance Labs, a leading player, and anticipate the adoption of WASM-based applications.” — Sinka Gao, Founder & CEO of Delphinus Lab.

ABOUT Delphinus Lab

Delphinus Lab is at the forefront of zkWASM innovation in the Web3 space, presenting the first implementation of an open-source zero-knowledge virtual machine designed to support WASM. This advancement is easily accessible to developers via zkWASM Hub, redefining the landscape of secure and efficient decentralized applications.

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