Zeeve has partnered with The Binary Holdings (TBH) to serve as the Rollup-as-a-Service provider for TBH’s new L2 rollup chain, which utilizes Optimism’s OP Stack. This collaboration aims to streamline Web3 integration within the telecommunications sector, catering to the next billion users.
With a user base exceeding 40 million, The Binary Holdings is a leading Web3 infrastructure provider to a diverse range of sectors including Telecommunication, BFSI, Gaming, and eWallet services, predominantly in emerging markets.
Binary Holdings has selected Optimism’s OP Stack for its developer-friendly environment and Ethereum compatibility, which simplifies the integration of decentralized applications (dApps). This choice is set to leverage the scalability and reduced operational costs provided by Optimism, thereby enhancing the efficiency of services critical for the growth of Web3 technologies in the telecommunications industry.
Zeeve’s role in this partnership will focus on providing a robust suite of tools and integrations that will facilitate the seamless deployment, management, and operation of TBH’s OP StackChain. This includes a specialized RaaS dashboard designed for efficient monitoring and operation, along with a set of tailored tools such as the customized explorer TraceHawk, user interfaces for bridges, and faucets for test networks.
The partnership also highlights several key features aimed at optimizing the performance and security of TBH’s L2 chain. These include rapid and compliant setup procedures, enterprise-level security measures adhering to ISO 27001, SOC 2, and GDPR standards, dedicated monitoring systems with proactive alerting, and 24/7 support guaranteed by a 99.9% uptime SLA.
Sankalp Sharma, Co-founder and VP of Engineering at Zeeve, said: “The Binary Holdings joins the growing number of ambitious projects building with Zeeve RaaS. We are excited to support their vision of pioneering new Web3 solutions in the Telecom sector.”
Manit Parikh, CEO at The Binary Holdings, emphasized the importance of integrating Optimistic Rollup technology to deliver scalable and cost-efficient services.
“With Zeeve’s robust tools and support, our L2 Chain deployment ensures seamless operations, compliance, and security, propelling $BNRY’s utility to new heights,” said Parikh.
Furthermore, the partnership is set to enhance the utility of $BNRY, TBH’s native gas token, thereby fostering a vibrant native economy and reducing barriers for telecommunications companies adopting Web3 functionalities.
“By providing infrastructure that supports high transaction throughput at reduced costs, TBH is enabling a smoother Web3 transition for telecommunications companies, fostering opportunities for innovation, increased user engagement, improved security, and decentralized services,” the company said in a statement shared with AlexaBlockchain.