Polygon has acquired zero-knowledge research 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 group of 11 engineers into its zero-knowledge research and improvement division.
This acquisition helps Polygon’s deal with 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 Kind 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 permit blockchain protocols to alternate 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 value 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.
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Blockchain fanatic and lifelong gamer.