TL;DR
- Binance Labs invests in Brevis, a platform that enables verifiable calculations on historical blockchain data.
- Brevis powers smart contracts with advanced off-chain processing capabilities.
- This collaboration aims to extend Web3 applications using ZK verification technology.
Binance Labs has announced its investment in Brevis, an innovative Zero-Knowledge (ZK)-based co-processing platform that offers a solution to securely execute complex calculations on historical blockchain data.
Brevis’ ZK-coprocessor technology enables smart contracts to access on-chain data such as transactions, events, and previous states, opening up new possibilities for high-performance and optimized dApps.
According to Binance Labs, this investment supports Brevis mission to revolutionize verifiable computing and expand the scope of what’s possible in the Web3 space.
Brevis simplifies the development of decentralized applications (dApps) that require complex calculations, allowing developers to implement advanced functionality without deep knowledge of the cryptography and mathematics behind ZK verification.
This makes it easier to build applications for sectors like DeFi, where complex transactions and historical data are critical, and GameFi, which can benefit from personalized and dynamic experiences.
Some of Brevis partners, such as Kwenta and JoJo Exchange, have already integrated this technology into their applications, as reported in the original source from Binance Labs.
Enhanced capabilities for Web3 and beyond on Binance
Brevis architecture also offers significant benefits in terms of cost and scalability.
The platform uses an asynchronous architecture and off- chain processing, which allows reducing blockchain computing costs while preserving security.
Brevis has achieved this through a partnership with Eigen Layer, with whom they are developing an optimistic processing model with ZK fraud proofs, improving the speed of proof generation and further reducing computational costs.
Andy Chang, Chief Investment Officer at Binance Labs, highlighted the significance of this advancement, noting that Brevis technology expands the capabilities of smart contracts and enables use cases that were previously not viable on the blockchain.
This support aligns with Binance Labs strategy of investing in early, innovative projects that drive Web3 adoption, a vision shared by Brevis to bring blockchain technology to a new level of utility and reach.
Through this collaboration, Brevis off-chain processing capabilities are expected to enable the creation of dApps that better leverage decentralized data and complete intensive computations efficiently and securely.
Brevis is thus positioned as a key player in facilitating a more accessible and advanced Web3, empowering next-generation applications in multiple industries.
