Binance, a well-known cryptocurrency exchange, has successfully completed its groundbreaking metaverse reality show, “Build The Block,” showcasing the huge potential of blockchain technology. The captivating series reaches its climax with zkPass, a decentralized privacy protection identity protocol, emerging victorious, earning multiple awards from Binance.
zkPass uses cutting-edge technologies such as Multi-party Computation (MPC) and Zero-knowledge Proof (ZKP) to empower users to verify their data on Web2 and Web3 networks. This revolutionary protocol garnered the most votes from viewers and received the coveted title during a seven-episode competition featuring twelve outstanding finalists. The ultimate goal of this metaverse-hosted event is to find the next pioneering Web3 business magnate.
In a recent press release shared exclusively with CryptoPotato, Binance announced zkPass as the deserving champion of “Build The Block,” which entitles the protocol’s founding members to this prestigious honor. This win also secured investment from Binance Labs, a testament to zkPass’ potential. Joshua Peng, co-founder of zkPass, stated, “We are very excited to be part of this groundbreaking real-time metaverse series, and winning Build The Block is a great honor for us. This investment from Binance Labs will be instrumental in our journey to become the foundation of this decentralized world.”
In addition to zkPass, Binance Labs expanded investment into four other outstanding projects participating in the “Build The Block” contest. These projects, namely Mind Network, Kryptoskatt, Bracket Labs, and DappOS, emerged as solid runners-up among the more than 900 apps reviewed by the event’s moderators.
Binance’s unwavering commitment to nurturing the growth and development of emerging blockchain startups shines through its recent endeavors. Building on the previous achievement of launching a $500 million dedicated fund to support Web3 enterprises, this initiative demonstrates Binance’s dedication to driving innovation in the blockchain ecosystem.
As Binance continues to pave the way for the future of cryptocurrency and blockchain technology, the success of “Build The Block” highlights the huge potential of the metaverse and solidifies Binance’s position as a leading force in promoting breakthrough projects in the industry.