Ethereum scaling and infrastructure platform Polygon has announced that it has acquired Mir (Mir: ZK-rollup initiative) in a $400 million deal. With the support of this initiative, altcoin project Polygon hopes to scale Ethereum and bring users to Web3. Here are the details and explanations of the partnership…
Mir to scale leading altcoin project and Web3
Like many crypto-focused businesses, Polygon is growing rapidly. After the number of users increased sharply in 2021, the platform reached around 120 million unique addresses. The number of dApps on the platform increased by 9,900% from 30 in November 2020 to 3,000 in November 2021. Overall, the platform has around 3,000 apps hosted, a total of 1 billion transactions processed, 100 million unique user addresses, and $5 billion in assets secured. The Mir deal was also settled through 250 million Polygon tokens (MATIC), or about $400 million, based on a price of $1.60 per unit when it closed on November 26. The company’s co-founder, Sandeep Nailwal, said in an interview with Blockworks:
We want to be the AWS of the Web3 platform that developers can build on by providing a range of solutions. We will release multiple versions of ZkEVMs or EVM compatible ZK-rollups. This will provide massive scaling for thousands of Ethereum dApps with the highest Ethereum security.
- Polygon developers add that in 2022, they will continue to develop a range of solutions for Web3 developers and users.
The team also included the following details in the official statement on Twitter:
We join hands to create Polygon Zero, an Ethereum compatible ZK-rollup. We recently announced our $1 billion funding for ZK-based solutions. Polygon Zero is a highly scalable, Ethereum compatible ZK-rollup. The entire Mir team joins Polygon for the build and we are one of the most talented groups working on ZK.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, asset or service in this article.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.