Binance Labs invests in ZKsync ‘elastic chain’ Sophon in token round

Binance Labs, the $10 billion venture capital and incubation arm of the crypto exchange Binance, has invested an undisclosed sum in Sophon.

Sophon is a ZKsync “elastic chain” or a Layer 2 network being built using Matter Labs’ modular, open-source framework, ZK Stack.