Polygon (MATIC) Makes Big Move in Zero-Knowledge Tech with Toposware Acquisition
Polygon Labs acquired blockchain research firm Toposware for $30 million. This marks Polygon’s third investment in zero-knowledge (ZK) startups in three years, totaling over $1 billion.
ZK technology allows for transaction validation without revealing sensitive details, enhancing scalability and privacy. The acquisition brings 11 Toposware engineers to work on Polygon’s existing ZK development teams. Polygon aims to leverage ZK tech to improve the usability, security, and decentralization of Ethereum-based networks.
Memecoins Dominate Trending Cryptocurrencies on Polygon
The current market trend in Polygon leans towards memecoins. LandRocker (LRT), Crosschain IOTX (CIOTX), and EndBlock (END) are some of the top trending memecoins.
- LRT boasts a thriving gaming ecosystem with its $LRT token.
- CIOTX facilitates seamless token exchange between networks.
- END combines DeFi and gaming, experiencing a significant price surge.
Mega Dice Casino Enters the Crypto Space with Presale
Mega Dice, a well-established casino platform, is launching its native token ($DICE) through a presale. This allows investors to participate in the multi-billion dollar casino industry. Mega Dice reportedly processes over $50 million in monthly wagers and boasts over 10,000 users.
Analyst View on Polygon (MATIC) Price Prediction for 2024
Bullish predictions range from $0.7809 to $0.9803. Some analysts believe MATIC could reach $2 soon. Bearish predictions place MATIC at $0.5089 by year’s end.
Overall, Polygon’s significant investment in ZK technology highlights its commitment to blockchain scalability and privacy. While memecoins currently dominate the trending cryptocurrencies on Polygon, established platforms like Mega Dice entering the crypto space indicate a diversified future for the network.
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