Binance Labs has reportedly invested in Brevis, a ZK-coprocessor platform that unlocks new use cases for apps by allowing verifiable, trust-free computations on historical on-chain data.
Brevis’ product, the ZK-coprocessor, empowers smart contracts to trustlessly access and run arbitrary computations on historical on-chain data, such as transactions, events, and states, “enabling use cases from user engagement and retention features to dynamic optimizations for DeFi dApps, intent automation and more.”
Using Brevis’ SDK, developers can build computation-intensive dApps to launch features without requiring them to understand the cryptographic and mathematical complexity.
Some of their partners have reportedly introduced Brevis-powered features on mainnet, such as Kwenta, JoJo Exchange, and Trusta.
Other protocols and dApps, such as PancakeSwap, Usual Money, Frax Finance, Gamma, Quickswap, Tokemak, Algebra, Thena, 0G, and Hemera, are working with Brevis to “build Brevis-powered product features.”
Brevis is developing an optimistic co-processing with ZK Fraud Proof in partnership with Eigen Layer to “reduce zk proof costs and enhance the speed of proof generation.”
Andy Chang, Investment Director, Binance Labs said that they’re enabling early-stage projects that are building solutions to onboard the next wave of users into Web3, and they are eager to “support Brevis’ efforts in verifiable computing and unlocking a wide array of possibilities.”
Binance Labs is the VC and incubator committed to empowering early-stage projects and driving the growth of the Web3 ecosystem.
Since their founding in 2018, they have focused on the long-term, and provided support and funding to projects.
As a chain- and sector-agnostic venture capital enabler in the Web3 space, we back everything from infrastructure to application layers, and their focus has consistently been on tech innovation with “meaningful product-market fit and sustainable revenue models.”
Binance Labs’ portfolio covers more than 250 projects from 25+ countries across six continents.
Over 65 of Binance Labs’ portfolio companies are projects that have gone via their incubation programs.
Brevis is a verifiable off-chain computation engine that brings limitless computation capacity to smart contract blockchains.
Utilizing zero-knowledge proofs, Brevis offloads data-intensive, costly computations from on-chain environments to a “lower-cost off-chain engine, and empowers Web3 applications to scale seamlessly while preserving the security of L1 trust assumptions.”
With Brevis’s versatile Go SDK, smart contracts can access blockchain states, transactions, and receipts across blockchains and timeframes.
DApps can transform business logic expensive to execute with smart contracts into succinct, efficient circuit outputs that are “mathematically verifiable on-chain.”
Powered by Brevis, use cases like data-driven DeFi, GameFi experiences, and on-chain reputation systems can unlock the “potential of decentralized data, and accelerate blockchain adoption on a broader scale.”
