Delphinus Lab (ZKWASM): Built the First zkWASM Virtual Machine

Delphinus Lab created the world's first open-source zkWASM virtual machine, raising $8 million and achieving a $150 million valuation. We are thrilled to announce that ZKWASM (ZKWASM) is now available on Bitget!

What is Delphinus Lab (ZKWASM)?

Delphinus Lab is a blockchain technology project centered on zkWASM, a zero-knowledge virtual machine that allows developers to build decentralized applications that are secure, private, and verifiable without trusting any middleman. The platform drives the evolution of scalable WebAssembly-based decentralized applications.

Released in 2023, zkWASM addresses challenges in scalable blockchain computation by leveraging zero-knowledge technology to ensure computational integrity and privacy. Applications can verify correctness without exposing underlying data, enabling efficient execution of smart contracts and dApps with enhanced security.

Who Created Delphinus Lab (ZKWASM)?

Delphinus Lab was founded in 2021 in Sydney, Australia, by Sinka Gao (also known as Xin Gao), who serves as the Founder and CEO. The company maintains a lean, founder-driven structure with Gao's technical expertise anchoring the project's development.

Sinka Gao (Founder & CEO) Background:

● Academic Credentials: Ph.D. in Mathematics from UNSW (University of New South Wales), Master's degree in Mathematics from The Australian National University, and B.S. in Computer Science from Shanghai Jiao Tong University

● Industry Experience: Former Chief Engineer at Huawei Technologies, Senior Research Associate at Macquarie University, Research Engineer at CSIRO's Data61 and NICTA, and Engineer at Intel Corporation

● Specialization: Formal verification, operating systems, microkernel security, code generation, zero-knowledge cryptography, blockchain infrastructure, and WebAssembly runtimes

The founding was motivated by limitations in existing blockchain computation around privacy, scalability, and developer accessibility, leading to the creation of a solution that bridges Web2 programming familiarity with Web3 security requirements.

What VCs Back Delphinus Lab (ZKWASM)?

Delphinus Lab has attracted significant investment from leading venture capital firms across multiple funding rounds:

Four Completed Funding Rounds - $8 Million Total:

Pre-Series A (February 26, 2024):

● Post-Money Valuation: $150 million

● Lead Investors: OKX Ventures, HashKey Capital, SevenX Ventures, Generative Ventures, Bas1s Ventures

Strategic/Seed (August 21, 2023):

● Key Investors: Binance Labs (YZi Labs), Web3.com Ventures, Bas1s Ventures

Angel Round (April 12, 2022):

● Amount Raised: $362,000

● Investors: Undisclosed angel investors

Notable Investor Highlights:

● Binance Labs (YZi Labs): Provides strategic support for zkWASM Hub development, positioning Delphinus as a leader in Web3 zero-knowledge infrastructure

● Top-Tier VCs: OKX Ventures, HashKey Capital, and SevenX Ventures demonstrate confidence in the company's technological advancement and long-term vision

How Delphinus Lab (ZKWASM) Works

Delphinus Lab operates through several key technological components that make zero-knowledge computation accessible to developers:

zkWASM Virtual Machine

The core innovation is the world's first open-source zero-knowledge WebAssembly virtual machine that allows developers to run unmodified WebAssembly programs while generating cryptographic proofs that computations were performed correctly without revealing private data.

zkWASM Hub Platform

The zkWASM Hub serves as a cloud-based platform offering automated proving, batching services, and proof aggregation for large volumes of zkWASM computations. This infrastructure can cut costs by up to 70% and increase throughput by 40% over standard techniques, supporting production-level dApp scalability.

Developer Tools and SDKs

Delphinus Lab provides comprehensive SDKs for multiple programming languages including Rust and AssemblyScript, enabling developers to build zkWASM applications with familiar tools and minimal friction. The platform includes step-by-step tutorials, educational guides, and community support.

Key Performance Metrics

● Processing Speed: 1 million WASM instructions processed in approximately 14 seconds

● Memory Support: Extended memory (32MB) allowing for infinite program execution

● Multi-Language Support: Rust, C, C++, AssemblyScript, and other supported languages

You can access the platform through their official website and explore developer resources via their tutorial portal.

Delphinus Lab Token (ZKWASM) and Economics

The ZKWASM token serves as the main utility, reward, and governance token within the zkWASM ecosystem.

Source - X

Token Details

● Token Name: Delphinus Lab

● Token Symbol: ZKWASM

● Total Supply: 1,000,000,000 ZKWASM tokens (fixed supply)

● Primary Network: BNB Chain with multi-chain compatibility

Token Distribution

● Proof-of-Mining Rewards (35%): 350,000,000 ZKWASM - Largest allocation rewarding users operating zkWASM provers

● Ecosystem Foundation (18%): 180,000,000 ZKWASM - Supporting long-term ecosystem initiatives and developer grants

● Investors (15%): 150,000,000 ZKWASM - Venture capital and private investor allocation

● Team (10%): 100,000,000 ZKWASM - Core team allocation with vesting schedules

● Operational Funds (8%): 80,000,000 ZKWASM - Platform operations and sustainability

● Marketing (5%): 50,000,000 ZKWASM - Growth initiatives and user acquisition

● Airdrops (2.5%): 25,000,000 ZKWASM - Early adopters and community rewards

● IDO (2%): 20,000,000 ZKWASM - Initial DEX offering

● Others (4.5%): 45,000,000 ZKWASM - Strategic purposes and reserves

Token Utilities

● Proof-of-Mining Rewards: Users operating zkWASM provers earn tokens for network security and decentralization

● Transaction Fees: Native currency for paying fees within zkWASM-based dApps and the zkWASM Hub

● Staking and Governance: Participate in platform governance and ecosystem activities

● Developer Incentives: Grants and rewards for dApp builders and SDK contributors

● DeFi Integration: Liquidity provision and staking opportunities on supported platforms

Why Delphinus Lab?

Traditional blockchain computation faces significant limitations around privacy, scalability, and developer accessibility. Delphinus Lab addresses these challenges with breakthrough innovations:

World's First Open-Source zkWASM: Pioneered the first fully open-source zero-knowledge WebAssembly virtual machine, enabling developers to run programs with cryptographic proof generation.

Advanced Performance: Processes 1 million WASM instructions in approximately 14 seconds, supporting high-speed computation with infinite execution capabilities.

Enterprise Recognition: Featured at ZKProof Workshop 2022, ZK Summit 9 and 12, ETHDenver 2024, and Taipei Blockchain Week, with core technology validated by a 2024 IEEE paper.

Top-Tier Backing: Strategic support from Binance Labs, OKX Ventures, HashKey Capital, and partnerships with major cloud providers and blockchain networks.

The platform bridges Web2 development and Web3 innovation, making privacy-preserving blockchain applications accessible to mainstream developers.

ZKWASM Goes Live on Bitget

We are thrilled to announce that ZKWASM will be listed in the Innovation and GameFi Zone. Check out the details below:

Trading Available: 22 July 2025, 12:00 (UTC)

Withdrawal Available: 23 July 2025, 13:00 (UTC)

Trade ZKWASM/USDT on Bitget!

Contract Address (BEP20): 0xa8d3dee6671c4fdac4743a1eb1f276eabd4ba302

Community Links: Website | Twitter | Telegram

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