Polygon Labs acquires Toposware, pushes total ZK investment to $1 billion

Polygon Labs has acquired blockchain research and engineering company Toposware, marking its third investment in the Zero Knowledge (ZK) startup in the past three years.

Toposware has been working with Polygon Labs to develop Type 1 Prover, which will allow Ethereum-compatible blockchains to accept zero-knowledge proofs without requiring major changes. With the acquisition, 11 engineers from Toposware will join ZK's development teams at Polygon.

Polygon said the deal brings its total investment in ZK Technology to more than $1 billion. In the year In 2021, Polygon acquired Mir and Hermes, two other companies working on Ethereum scalability and privacy, for a total of $650 million in multiple transactions.

ZK technology allows a party to verify that a statement is true without revealing additional information. With blockchain, this improves privacy by allowing the authenticity of the transaction without revealing the authenticity of the transaction.

“We are always exploring potential acquisitions to strengthen our ZK research and development efforts,” a Polygon spokesperson told Cointelegraph, adding that no other deals are currently in sight. “ZK Technology is expanding our efforts on multiple fronts.”

Web3 services only. They predict that by 2030 they will need about 90 billion ZK-proofs, which is equivalent to 83,000 transactions per second. Several crypto companies are working on ZK technology, including StarkWare and Matter Labs.

A trademark dispute has recently erupted over ZK technology as the company behind the Layer-2 solution zkSync has attempted to acquire intellectual property rights for the trademark “ZK”.

Following backlash from researchers and the crypto community, the company soon dropped the request. For Polygon, the move was to “steal” the common good:

“This is a serious matter. They are basically trying to steal people's hard work. We believe that ZK is a mutual benefit. […] If necessary, we will consider legal action. We are happy that they have decided to abandon their “ZK” trademark; However, they are still looking for other ZK-related trademarks that we see as a major problem.

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