Polygon Labs acquires Toposware, pushing total ZK investment to $1B

📆 04/06/2024 14:18:00
📰 Cointelegraph

⏱ Reading Time:
35 sec. here
2 min. at publisher
📊 Quality Score:
News: 17%
Publisher: 51%

Portugal Notícia Notícia

The deal brings Polygon’s cumulative zero-knowledge technology investment to over $1 billion, said the company.

Polygon Labs has acquired blockchain research and engineering firm Toposware, marking its third investment in zero-knowledge startups over the past three years.

Polygon says the deal brings its cumulative investment in ZK technology to over $1 billion. In 2021, Polygonworking on Ethereum scalability and privacy, Mir and Hermez, for a combined $650 million through multiple transactions. “We are always exploring potential acquisitions to strengthen our ZK research and development efforts,” a spokesperson for Polygon told Cointelegraph, adding that no other deals are being considered at the moment. “ZK technology is propelling our efforts on multiple fronts.”to require approximately 90 billion ZK-proofs by 2030, equivalent to 83,000 transactions per second. Several crypto firms are working on ZK technology, including StarkWare and Matter Labs.

Escrever Comentário

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Polygon Labs' Sandeep Nailwal moves to Chief Business Officer rolePolygon Labs’ Sandeep Nailwal is taking on an additional role as the firm’s chief business officer.
Fonte: TheBlock__ - 🏆 464. / 53 Consulte Mais informação »

LBank Labs Champions Next-Gen Financial Innovation with Investment in Usual LabsLBank Labs Champions Next-Gen Financial Innovation with Investment in Usual Labs
Fonte: Utoday_en - 🏆 295. / 63 Consulte Mais informação »