Polygon Labs acquires zero-knowledge firm Toposware, investing over $1 billion in ZK tech.
Polygon Labs, a major Ethereum scaling platform, acquires zero-knowledge firm Toposware, its third zero-knowledge startup investment in three years. The acquisition brings Polygon's total investment in ZK tech to over $1 billion, adding 11 engineers to its ZK development teams. ZK tech, which enhances privacy in blockchain, is predicted to be crucial in the Web3 services sector, with demand for ZK-proofs set to reach 90 billion by 2030.
June 04, 2024
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