Binance Labs Invests in Brevis to Enable New Use Cases with Off-Chain, Verifiable Computation Solutions

Main Takeaways:

• Binance Labs has 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.

• Binance Labs champions early-stage projects that are building innovative solutions to onboard the next wave of users into Web3, and we are excited to support Brevis’ efforts in revolutionizing verifiable computing and unlocking a wide array of possibilities.

Binance Labs has 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’ flagship 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 a wide range of use cases from user engagement and retention features to dynamic optimizations for DeFi dApps, intent automation and many more. 

Using Brevis’ programmable SDK, developers can build powerful data-driven and computation-intensive dApps to launch new product features without requiring them to understand the underlying cryptographic and mathematical complexity.  

Some of their partners have already launched Brevis-powered features on mainnet, such as Kwenta, JoJo Exchange, and Trusta. Other top protocols and dApps, such as PancakeSwap, Usual Money, Frax Finance, Gamma, Quickswap, Tokemak, Algebra, Thena, 0G, and Hemera, are partnering with Brevis to build Brevis-powered next-generation product features. Brevis is also developing an optimistic co-processing with ZK Fraud Proof in partnership with Eigen Layer to further reduce zk proof costs and enhance the speed of proof generation. 

“The current landscape of smart contracts offers very simple computation capabilities and limited data access. Brevis’ move to create a new asynchronous architecture expands the capability of blockchains without introducing any additional trust,” said Andy Chang, Investment Director, Binance Labs. “Binance Labs champions early-stage projects that are building innovative solutions to onboard the next wave of users into Web3, and we are excited to support Brevis’ efforts in revolutionizing verifiable computing and unlocking a wide array of possibilities.”

“We’re thrilled to have Binance Labs on board as we accelerate our efforts to redefine verifiable computing and expand what’s possible in Web3,” said Michael Tung, Co-Founder, Brevis. “This investment empowers us to bridge the gap between off-chain computation and on-chain trust, unlocking new possibilities for data-driven dApps.”

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About Binance Labs

Binance Labs is the leading venture capital and incubator committed to empowering early-stage projects and driving the growth and development of the Web3 ecosystem. Since our founding in 2018, we have consistently focused on the long-term, and provided strategic support and funding to projects, regardless of market cycles.

As a chain- and sector-agnostic venture capital leader in the Web3 space, we back everything from infrastructure to application layers, and our focus has consistently been on tech innovation with meaningful product-market fit and sustainable revenue models.

Binance Labs’ portfolio covers over 250 projects from over 25 countries across six continents. More than 65 of Binance Labs’ portfolio companies are projects that have gone through our incubation programs. For more information, follow Binance Labs on X. 

About Brevis

Brevis is an efficient, verifiable off-chain computation engine that brings limitless computation capacity to existing smart contract blockchains. Utilizing zero-knowledge proofs, Brevis offloads data-intensive, costly computations from on-chain environments to a drastically 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 multiple 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, personalized GameFi experiences, and on-chain reputation systems can unlock the full potential of decentralized data, and accelerate blockchain adoption on a broader scale.

Disclaimer: The information provided in this article is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. This article may contain forward-looking statements which are by nature subject to risks and uncertainties. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This article does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions.