Polygon has acquired zero-knowledge analysis and engineering agency Toposware, marking its third funding in zero-knowledge know-how startups over the previous three years.
Polygon, a Layer 2 answer for Ethereum, has built-in Toposware’s workforce of 11 engineers into its zero-knowledge analysis and improvement division.
This acquisition helps Polygon’s concentrate on ZK rollups, which reinforces privateness and scalability for blockchain protocols.
Supply: PolygonPioneering The Subsequent Wave of ZK Know-how
Polygon and Toposware have been working collectively on a Sort 1 Prover, which facilitates the adoption of zero-knowledge proofs by Ethereum-based blockchains.
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 enable blockchain protocols to trade data with out compromising person privateness. This know-how addresses scalability challenges and is already utilized in numerous sectors, together with blockchain gaming, NFT-powered loyalty packages, the metaverse, and real-world asset tokenization.
It’s price noting that Polygon had additionally beforehand dedicated $1 billion to zero-knowledge-related investments in 2021 together with the acquisition of Hermez Community for $250 million in August 2021 and Mir for $400 million.
Need extra? Join with NFT Plazas
Be part of the Weekly E-newsletter
Be part of our Telegram
Comply with us on Twitter
Like us on Fb
*All funding/monetary opinions expressed by NFT Plazas are from the non-public analysis and expertise of our website moderators and are supposed as instructional materials solely. People are required to totally analysis any product prior to creating any sort of funding.
Blockchain fanatic and lifelong gamer.
