Buy Crypto
Pay with
Markets
NFT
New
Downloads
English
USD

Binance Labs Makes $6M Strategic Investment in Zecrey

2022-05-17

Binance Labs, the venture capital and innovation incubation arm of Binance, announced its $6 million strategic investment in Zecrey, a private, scalable assets aggregation network.

The funds will be used in Zecrey’s development team expansion, marketing and branding, and blockchain collaboration.

Zecrey brings blockchain communities a simple and private way to use efficient cross-chain protocols based on Zero-knowledge (zk) Roll-Ups, including aggregation and managing digital assets across different chains, like BNB Chain, Ethereum, Near, Solana, etc.

Zecrey enables its users to easily manage, exchange, and bridge assets across multiple chains by lighting fast transaction confirmation and privacy protection. And users can view and play around with virtually all their digital assets in one wallet.

Sher, Co-founder of Zecrey, said, “Zecrey's vision is to bring scalability, cross-chain, privacy, and assets aggregation to multi-chain networks, as well as bring convenience for current Web3 users and become an entrance for Web2 users. Now Zecrey's Layer 1 mainnet supports multi-chain networks. The next milestone is to launch Layer 2 mainnet and mobile app to facilitate a highly secure cross-chain bridge and private payment solution secured by zero-knowledge proof, along with the upcoming NFT cross-chain functionalities.”

Bill Qian, Head of Binance Labs, said: “We strongly believe in the Zecrey team’s vision – providing a scalable and private multi-chain network solution for every user. Binance Labs has always been committed to supporting teams who have the potential to positively impact the crypto space, providing users better experience, and help the BNB Chain ecosystem grow.”