HomeNFTPolygon Acquires Toposware, Advances Zero-Information Technique

Polygon Acquires Toposware, Advances Zero-Information Technique

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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 crew of 11 engineers into its zero-knowledge analysis and growth division.

This acquisition helps Polygon’s concentrate on ZK rollups, which boosts privateness and scalability for blockchain protocols.

The Type 1 Prover
Supply: Polygon

Pioneering The Subsequent Wave of ZK Expertise

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 enable blockchain protocols to change info with out compromising consumer privateness. This know-how addresses scalability challenges and is already utilized in numerous sectors, together with blockchain gaming, NFT-powered loyalty applications, 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.

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*All funding/monetary opinions expressed by NFT Plazas are from the non-public analysis and expertise of our website moderators and are meant as instructional materials solely. People are required to totally analysis any product prior to creating any form of funding.

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