Zecrey is a privacy protocol for Layer 2 networks built on ZK-rollups, competing with the top project Aztec. With a single click, users can choose a privacy mode and execute transactions that miners won't see, making them faster and cheaper for users.
The project has received 6 millions in funding directly from Binance Labs and an additional 5.5 million in multiple rounds from Spartan, Shima, D1, Fenbushi, and others. The team remains anonymous. Apart from Binance and Spartan, the other funds are relatively weak.
Zecrey is interesting because it appears to resemble a project associated with Binance, which raises the possibility of it launching on their launchpad or launchpool. The overall strategy is to test the protocol to increase the chances of a retro airdrop.