Binance, the renowned cryptocurrency exchange, has successfully concluded its groundbreaking metaverse reality show, “Build The Block,” showcasing blockchain technology’s immense potential. The captivating series reached its climax with zkPass, a decentralized privacy-protecting identity protocol, emerging as the victor, securing various accolades from Binance.
zkPass utilizes cutting-edge technologies such as Multi-party Computation (MPC) and Zero-knowledge Proof (ZKP) to empower users to verify their data across both Web2 and Web3 networks. This revolutionary protocol garnered the most votes from viewers and received the coveted title during the seven-episode competition featuring twelve exceptional finalists. The primary aim of this metaverse-hosted show was to unearth the next trailblazing Web3 business magnate.
In a recent press release shared exclusively with CryptoPotato, Binance announced zkPass as the deserving champion of “Build The Block,” entitling the protocol’s founding members to this prestigious honor. This victory also secured an investment from Binance Labs, a testament to zkPass’s potential. Joshua Peng, the co-founder of zkPass, stated, “We are beyond thrilled to be part of this groundbreaking real-time metaverse series, and winning Build The Block is an immense 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 extended investments to four other remarkable projects that participated in the “Build The Block” contest. These projects, namely Mind Network, Kryptoskatt, Bracket Labs, and DappOS, emerged as formidable runners-up among over 900 applications reviewed by the show’s moderators.
Binance’s unwavering commitment to nurturing the growth and development of emerging blockchain startups shines through its recent endeavors. Building upon its earlier achievement of launching a dedicated $500 million fund to support Web3 companies, this initiative exemplifies Binance’s dedication to fostering innovation within 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 metaverse’s immense potential and solidifies Binance’s position as a leading force in promoting groundbreaking projects within the industry.
Source: https://bitcoinworld.co.in/binance-crowns-zkpass-as-winner-of-its-first-web3-reality-show-build-the-block/