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

📆 6/4/2024 7:18 AM
📰 Cointelegraph

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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.

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