tl;dr
Polygon Labs, the developer behind the Polygon blockchain, has acquired Toposware, a blockchain research firm that contributed to the development of Polygon's Type-1 prover for zero-knowledge (ZK) cryptography. This acquisition is part of Polygon's strategic focus on ZK technology to scale Ethereum'...
Polygon Labs, the developer behind the Polygon blockchain, has acquired Toposware, a blockchain research firm that contributed to the development of Polygon's Type-1 prover for zero-knowledge (ZK) cryptography. This acquisition is part of Polygon's strategic focus on ZK technology to scale Ethereum's blockchain ecosystem.
Polygon Labs has previously acquired other ZK firms and stated that the total investments in ZK teams and technology now exceed $1 billion. The Toposware team will integrate with Polygon's existing ZK teams to work on projects like AggLayer, Chain Development Kit, and layer-2 zkEVM. The acquisition emphasizes Polygon's commitment to becoming a leading force in ZK research and development.
Polygon Labs, the main development firm behind the Polygon blockchain, announced Tuesday that it has acquired Toposware, a blockchain research firm that helped develop Polygon’s Type-1 prover – a core component of the company's zero-knowledge (ZK) product suite. Polygon has gone all in on zero-knowledge cryptography over the last few years, betting that the tech will be key to scaling Ethereum's blockchain ecosystem over the long term.
The firm previously acquired the companies Hermez and Mir, whose founders Jordi Baylina and Brendan Farmer now lead Polygon Labs' in-house ZK teams. CoinDesk reported in 2021 that Polygon Labs paid $400 million to acquire Mir and $250 million for Hermez. Sources close to the deal told CoinDesk that Toposware was valued somewhere between $30 million and $50 million. Polygon Labs said in its press release that the acquisition brings the total sum of its investments into ZK teams and technology past $1 billion.
According to Polygon Labs' statement, the Toposware team will integrate with Polygon’s existing ZK teams, helping to develop Polygon’s AggLayer, Chain Development Kit and its layer-2 zkEVM. “Toposware joining Polygon Labs signals our continued commitment to building the world’s best ZK research and development team,” said Marc Boiron, the CEO of Polygon Labs, in a telegram message to CoinDesk.
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ZEEKR Intelligent Technology Holding Limited, an investment holding company, engages in the research and development, production, commercialization, and sale of electric vehicles and batteries.
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