Polygon Labs And NEAR Foundation Partner For zkWasm L2 Prover Integration
November 08 2023 - 11:00PM
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Polygon Labs (MATIC) and the NEAR Foundation have recently
announced their collaboration on the development of a
zero-knowledge (ZK) prover for the WebAssembly (Wasm)
blockchain. The alliance aims to “bridge the gap”
between Wasm-based chains and the Ethereum ecosystem, providing
customization and options for developers building with the Polygon
CDK (Chain Development Kit). NEAR Foundation Joins Polygon As Core
Contributor According to Polygon Labs’ announcement, introducing a
zkWasm prover will enable developers utilizing Polygon CDK to
choose from various provers when building their projects. This can
be leveraged in various scenarios, including launching or migrating
an Ethereum Virtual Machine (EVM) chain or constructing a Wasm
chain for closer alignment with Ethereum and access to
liquidity. Related Reading: Exploring The Resurgence Of BNB:
Unveiling The Force Behind Renewed Interest The zkWasm prover will
serve as a new runtime, generating zero-knowledge proofs that
validate the correctness of native Wasm runtime execution. This
advancement is expected to enhance scalability and
decentralization, bringing the NEAR protocol closer to Ethereum. As
part of this partnership, the NEAR Foundation is set to become a
core contributor to Polygon CDK, expanding the toolkit’s
capabilities for developers. Sandeep Nailwal, the co-founder of
Polygon, expressed pride in collaborating with NEAR on this
research and emphasized the value of the zkWasm prover in providing
developers with increased customization options. To provide
further context, WebAssembly is a widely used framework for running
complex programs in web browsers, offering performance comparable
to native computer applications. In the context of Web3, the Wasm
Virtual Machine serves as a runtime for blockchains like NEAR and
Polkadot, differing from the Ethereum Virtual Machine. Scalability
And Decentralization Boost? Per the announcement, in the future, an
in-development interop layer will allow chains to join a unified
ecosystem of Layer 2 solutions deployed through Polygon CDK.
This ecosystem will encompass alternative layer-1 chains, EVM
layer-2 solutions, and Wasm chains, providing interoperability and
defragmentation of liquidity across different chains. Related
Reading: Solana Whale Deposits $11M In SOL To Binance, Bearish
Signal? Illia Polosukhin, co-founder of NEAR Protocol, expressed
optimism about the collaboration, emphasizing that it will bring
the benefits of zero-knowledge proofs not only to NEAR but to the
entire Web3 ecosystem. Polosukhin stated: We are very excited to
work with Polygon Labs to bring all the benefits of zero-knowledge
proofs not just to NEAR but all of Web3. NEAR is integrating more
with Ethereum by innovating in new research frontiers, and the
shared expertise of these two teams will bring a much-needed
expansion of the ZK landscape and defragmentation of liquidity
across chains. And by creating and using the zkWasm prover, NEAR
will also improve the scalability and decentralization of the NEAR
L1. Overall, the collaboration between Polygon Labs and the NEAR
Foundation holds significant implications for both protocols.
Integrating the zkWasm prover will enhance the capabilities of
Polygon CDK, providing developers with more options in building
“custom blockchains.” Additionally, it will bring NEAR
Protocol closer to Ethereum, expanding its interoperability and
liquidity opportunities. As of the latest update, MATIC, the
native token of Polygon, is on the verge of reaching the $0.800
level, a milestone that has not been attained since July. The token
currently trades at $0.7903, showcasing a noteworthy upward
trajectory. This positive movement is further bolstered by an
impressive 11% uptrend recorded over the past 24 hours.
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