Wednesday, February 19, 2025

Binance Labs Invests in Brevis to Enhance Verifiable Computing in Web3

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KEY TAKEAWAYS

  • Binance Labs invests in Brevis to enhance decentralized applications with zero-knowledge coprocessor technology.
  • Brevis’ ZK-coprocessor enables smart contracts to perform trust-free computations on historical blockchain data.
  • Partnerships with platforms like Kwenta and PancakeSwap highlight Brevis’ role in advancing Web3 capabilities.
  • The collaboration aims to bridge off-chain computation with on-chain trust, expanding possibilities for data-driven dApps.

Binance Labs has announced its investment in Brevis, a platform specializing in zero-knowledge (ZK) coprocessor technology. This investment aims to unlock new use cases for decentralized applications (dApps) by enabling verifiable, trust-free computations on historical on-chain data. The announcement was made here.

Brevis’ flagship product, the ZK-coprocessor, empowers smart contracts to access and execute computations on historical blockchain data without requiring trust. This capability supports a variety of applications, including user engagement features, DeFi optimizations, and intent automation. The platform’s programmable software development kit (SDK) allows developers to create data-driven, computation-intensive dApps without needing to understand complex cryptographic and mathematical concepts.

Several partners, including Kwenta, JoJo Exchange, and Trusta, have already launched Brevis-powered features on the mainnet. Other notable protocols and dApps, such as PancakeSwap, Usual Money, and Frax Finance, are collaborating with Brevis to develop next-generation product features.

Expanding Blockchain Capabilities

Brevis is also working on an optimistic co-processing solution with ZK Fraud Proof in partnership with Eigen Layer. This initiative aims to reduce zk proof costs and enhance the speed of proof generation. Andy Chang, Investment Director at Binance Labs, highlighted the significance of Brevis’ work, stating that the platform’s asynchronous architecture expands blockchain capabilities without adding additional trust requirements.

Michael Tung, Co-Founder of Brevis, expressed enthusiasm for the partnership with Binance Labs, noting that the investment will help bridge the gap between off-chain computation and on-chain trust. This collaboration is expected to unlock new possibilities for data-driven dApps and further the development of Web3 technologies.

Implications for Web3 Development

Brevis’ technology offers significant potential for the Web3 ecosystem by enabling more complex and efficient computations on blockchain networks. This advancement is poised to enhance the functionality of dApps, making them more versatile and capable of handling a broader range of use cases.

As the Web3 landscape continues to evolve, investments like this one from Binance Labs are crucial in supporting innovative solutions that can onboard the next wave of users into decentralized technologies.


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Shree Narayan Jha
Shree Narayan Jha
Shree Narayan Jha is a tech professional with extensive experience in blockchain technology. As a writer for CoinsHolder.com, Shree simplifies complex blockchain concepts, providing readers with clear and insightful content on the latest trends and developments in the industry.

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