Polygon Acquires Toposware, Advances Zero-Knowledge Strategy

fiverr
Polygon Acquires Toposware, Advances Zero-Knowledge Strategy
Binance


Polygon has acquired zero-knowledge research and engineering firm Toposware, marking its third investment in zero-knowledge technology startups over the past three years.

Polygon, a Layer 2 solution for Ethereum, has integrated Toposware’s team of 11 engineers into its zero-knowledge research and development division.

This acquisition supports Polygon’s focus on ZK rollups, which enhances privacy and scalability for blockchain protocols.

The Type 1 Prover
The Type 1 Prover Source: Polygon

Pioneering The Next Wave of ZK Technology

Polygon and Toposware have been working together on a Type 1 Prover, which facilitates the adoption of zero-knowledge proofs by Ethereum-based blockchains.

bybit

Marc Boiron, CEO at Polygon Labs, shared, “The Toposware team’s deep cryptography and zero-knowledge expertise, as well as excellent engineering skills, have made them a perfect fit to help advance our vision of a unified web3. Moreover, our previous collaboration on the Type 1 Prover and Toposware’s work on unifying blockchains have demonstrated that they are extremely well-suited to help develop and expand our prover development and the AggLayer going forward.”

Zero-knowledge proofs allow blockchain protocols to exchange information without compromising user privacy. This technology addresses scalability challenges and is already used in various sectors, including blockchain gaming, NFT-powered loyalty programs, the metaverse, and real-world asset tokenization.

It is worth noting that Polygon had also previously committed $1 billion to zero-knowledge-related investments in 2021 including the acquisition of Hermez Network for $250 million in August 2021 and Mir for $400 million.

Want more? Connect with NFT Plazas

Join the Weekly NewsletterJoin our TelegramFollow us on TwitterLike us on Facebook

*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.



Source link

Bybit

Be the first to comment

Leave a Reply

Your email address will not be published.


*