The world's largest crypto exchange Binance continues to invest in various crypto money projects.
At this point, Binance Labs, the venture capital and incubator arm of Binance, announced that it has invested in Delphinus Lab.
“Binance Labs is investing in Delphinus Lab, the first open source zkWASM virtual machine, to support the future of Web3 applications.
Delphinus Lab aims to grow the ecosystem of Web3 DApps through an application-specific aggregation service built on top of the new zkWASM implementation.”
Yi He, Binance Co-Founder and President of Binance Labs, said: “At Binance Labs, we are committed to supporting projects that build critical infrastructure to support the growth of Web3 applications. Delphinus Lab's zkWASM implementation will bring a new wave of Web2 developers to the Web3 environment. Delphinus Lab's zkWASM We look forward to it leading the narrative and driving widespread adoption of Web3 applications among developers and end users.” said.
The funds will be used for the continued development of Delphinus Lab's zkWASM-based application aggregation platform, zkWASM Hub, which provides automated grouping services for Web3 application development.
Binance did not disclose the amount of its investment.
*Not investment advice.
