Polygon has acquired zero-knowledge research and engineering firm Toposware, marking its third investment in zero-knowledge technology startups in 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 department.
This acquisition supports Polygon’s focus on ZK rollups, which improves the privacy and scalability of blockchain protocols.
Source: PolygonPioneering the next wave of ZK technology
Polygon and Toposware have collaborated on a Type 1 Prover, which facilitates the adoption of zero-knowledge proofs by Ethereum-based blockchains.
Marc Boiron, CEO of Polygon Labs, shared: “The Toposware team’s deep cryptography and zero-knowledge expertise, as well as excellent technical skills, have made them a perfect fit as we advance our vision of a unified web3 . Additionally, our previous collaboration on the Type 1 Prover and Toposware’s work on unifying blockchains have demonstrated that they are ideally suited to help evolve and expand our prover development and the AggLayer in the future.”
Zero-knowledge proofs allow blockchain protocols to exchange information without compromising user privacy. This technology addresses scalability issues and is already being used in several industries, 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 in 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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