WEB3
by BSCN
August 21, 2023
Binance Labs has invested in Delphinus Lab - a leading infrastructure provider in the zkWASM space, aimed at growing the universe of Web3 applications.
On August 21, Binance Labs announced its investment into Delphinus Lab. Delphinus is, at core, a Web3 infrastructure provider that has built and implemented the industry’s first open-source zkWASM virtual machine, allowing Web3 developers to construct applications in their preferred programming language, whilst benefiting from zero-knowledge-shaped advantages.
Builders will be able to implement their applications within WebAssembly (WASM) supported environments and ecosystems. However, the overlap between WASM and zero-knowledge technology will allow these applications to benefit from improved security and privacy.
According to Yi He, Head of Binance Labs, “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.”
WASM is a commonly-used virtual machine, originally designed by Web2 organizations such as Apple, Google, Mozilla, and Microsoft, more than 5 years ago. Aimed at accessibility, WebAssembly allows code (from a host of languages) to run natively on browsers, and sits in the same sector as other well-known virtual machines such as the Ethereum Virtual Machine (EVM).
With Binance Labs’ financial support, Delphinus will be able to proceed with the development of its zkWASM 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.
Disclaimer
Disclaimer: The views expressed in this article do not necessarily represent the views of BSCN. The information provided in this article is for educational and entertainment purposes only and should not be construed as investment advice, or advice of any kind. BSCN assumes no responsibility for any investment decisions made based on the information provided in this article. If you believe that the article should be amended, please reach out to the BSCN team by emailing [email protected].
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