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 resolution for Ethereum, has built-in Toposware’s workforce of 11 engineers into its zero-knowledge analysis and growth division.
This acquisition helps Polygon’s deal with ZK rollups, which boosts 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 workforce’s deep cryptography and zero-knowledge experience, in addition to wonderful engineering abilities, have made them an ideal match to assist advance our imaginative and prescient of a unified web3. Furthermore, our earlier collaboration on the Kind 1 Prover and Toposware’s work on unifying blockchains have demonstrated that they’re extraordinarily well-suited to assist develop and develop our prover growth and the AggLayer going ahead.”
Zero-knowledge proofs enable blockchain protocols to alternate data with out compromising consumer privateness. This know-how addresses scalability challenges and is already utilized in varied 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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