Key Points:
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.
“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.
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