Polygon spends $400M to scale Ethereum

At its ZK Day event today, the scaling platform announced the acquisition of Mir protocol, a platform that uses “zero-knowledge proofs” for building decentralized applications away from the Ethereum network. The deal will be worth as much as $400 million in MATIC tokens.

This is the second ZK-rollup project that Polygon bought in 2021. In August, Polygon merged with ZK-rollup project Hermez in a $250 million deal.