Polygon Acquires Toposware, Advances Zero-Knowledge Strategy
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.
Source: PolygonPioneering 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.
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.
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