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News

NEAR Foundation and Polygon Labs Unite in the zkWASM Collaboration

November 8, 2023 - Around 2 mins mins to read

Key Points:

  • NEAR Foundation and Polygon Labs are collaborating to develop zkWASM, a zero-knowledge (ZK) prover for WASM blockchains.
  • The zkWASM Collaboration will position NEAR Protocol closer to Ethereum and enable WASM chains to tap into Ethereum liquidity.
  • The zkWASM Collaboration will enable WASM chains to settle transactions efficiently and cost-effectively with maximum security guarantees.
ZK experts and WASM researchers are joining forces in the zkWASM collaboration to develop a ZK prover for WASM blockchains, accessible through Polygon CDK.
NEAR Foundation and Polygon Labs Unite in the zkWASM Collaboration

NEAR and Polygon Forge The zkWASM Collaboration to Enhance Web3 Security and Interoperability

NEAR Foundation and Polygon Labs have formed a strategic partnership to create zkWASM, leveraging Polygon Labs’ ZK scaling technology expertise and NEAR’s WASM runtime knowledge. The zkWASM prover will be launched next year, bringing more security and interoperability to the Web3 ecosystem. This partnership was announced during NEARCON, NEAR’s annual flagship conference in Lisbon.

The zkWASM prover will allow WASM chains to tap into Ethereum’s liquidity, bringing NEAR Protocol closer to Ethereum. In the future, with the development of an interoperability layer, chains will be able to access shared liquidity within a unified ecosystem of CDK-deployed chains. The zkWASM prover enables efficient and cost-effective transaction settlements while maintaining maximum security.

zkWASM Prover Enhances NEAR and Polygon’s Ecosystem with Security, Scalability, and Decentralization

“We are excited to collaborate with NEAR on this groundbreaking research initiative,” said Sandeep Nailwal, co-founder of Polygon. The zkWASM prover provides developer customizability and access to liquidity when working with CDK. The zkWASM prover simplifies the role of NEAR validators, reducing validator requirements and improving scalability and decentralization for the NEAR Protocol.

“We are thrilled to collaborate with Polygon Labs,” said Illia Polosukhin, co-founder of NEAR Protocol. The zkWASM prover will expand the ZK landscape and bridge liquidity across chains, enhancing scalability and decentralization of the NEAR Layer 1. The zkWASM prover is currently in active development and is expected to launch next year.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

News

NEAR Foundation and Polygon Labs Unite in the zkWASM Collaboration

Key Points:

  • NEAR Foundation and Polygon Labs are collaborating to develop zkWASM, a zero-knowledge (ZK) prover for WASM blockchains.
  • The zkWASM Collaboration will position NEAR Protocol closer to Ethereum and enable WASM chains to tap into Ethereum liquidity.
  • The zkWASM Collaboration will enable WASM chains to settle transactions efficiently and cost-effectively with maximum security guarantees.
ZK experts and WASM researchers are joining forces in the zkWASM collaboration to develop a ZK prover for WASM blockchains, accessible through Polygon CDK.
NEAR Foundation and Polygon Labs Unite in the zkWASM Collaboration

NEAR and Polygon Forge The zkWASM Collaboration to Enhance Web3 Security and Interoperability

NEAR Foundation and Polygon Labs have formed a strategic partnership to create zkWASM, leveraging Polygon Labs’ ZK scaling technology expertise and NEAR’s WASM runtime knowledge. The zkWASM prover will be launched next year, bringing more security and interoperability to the Web3 ecosystem. This partnership was announced during NEARCON, NEAR’s annual flagship conference in Lisbon.

The zkWASM prover will allow WASM chains to tap into Ethereum’s liquidity, bringing NEAR Protocol closer to Ethereum. In the future, with the development of an interoperability layer, chains will be able to access shared liquidity within a unified ecosystem of CDK-deployed chains. The zkWASM prover enables efficient and cost-effective transaction settlements while maintaining maximum security.

zkWASM Prover Enhances NEAR and Polygon’s Ecosystem with Security, Scalability, and Decentralization

“We are excited to collaborate with NEAR on this groundbreaking research initiative,” said Sandeep Nailwal, co-founder of Polygon. The zkWASM prover provides developer customizability and access to liquidity when working with CDK. The zkWASM prover simplifies the role of NEAR validators, reducing validator requirements and improving scalability and decentralization for the NEAR Protocol.

“We are thrilled to collaborate with Polygon Labs,” said Illia Polosukhin, co-founder of NEAR Protocol. The zkWASM prover will expand the ZK landscape and bridge liquidity across chains, enhancing scalability and decentralization of the NEAR Layer 1. The zkWASM prover is currently in active development and is expected to launch next year.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.