Crypto Times Logo Black
Google News Follow Banner
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • DeFi News
    • Blockchain News
    • Industry
  • Exclusive
  • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • Podcasts
  • More
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
The Crypto TimesThe Crypto Times
  • All News
  • Market
  • Bitcoin
  • Ethereum
  • Altcoins
  • Regulations & Policies
  • Blockchain
  • DeFi
  • Industry
  • Exclusive
  • Opinion
Search
  • News
    • Market
    • Bitcoin
    • Ethereum
    • Altcoins
    • Regulations & Policies
    • Blockchain
    • DeFi
    • Industry
    • Exclusive
    • Opinion
  • Learn
    • Explained
    • How To
    • Insights
  • Quick Links
    • About Us
    • Our Authors
    • Contact Us
    • Editorial Policy
    • AI Policy
    • Sponsored & Advertorial Policy
  • Podcasts
Follow US
© 2026 By Crypto Times. All Rights Reserved.
Blockchain News

NEAR Foundation & Polygon Labs Partner for WASM ZK Solution

Written By Ronak Kumar
Published November 8, 2023 4:04 PM·Updated 3 years ago
Make The Crypto Times preferred on GoogleGoogle
NEAR Foundation & Polygon Labs Partner for WASM ZK Solution

A Swiss non-profit organization, the NEAR Foundation, has announced a partnership with Polygon Labs to create zkWASM, a zero-knowledge (ZK) prover for WebAssembly (WASM) blockchains. This collaboration was unveiled during NEARCON, NEAR’s annual conference in Lisbon.

Expanding the L2 market by introducing Wasm chains to Ethereum.

Polygon Labs and NEAR Foundation are teaming up to develop a zero-knowledge (ZK) prover for Wasm blockchains in order to bridge the gap between Wasm-based chains and the Ethereum ecosystem. When complete, a zkWasm… pic.twitter.com/3NVeER1r5D

— Polygon | POL (@0xPolygon) November 8, 2023

This partnership aims to enhance the security and interoperability of Web3, the decentralized internet. The zkWASM prover will bring the NEAR Protocol closer to Ethereum, enabling WASM chains to access Ethereum’s resources.

Additionally, it will facilitate chains in sharing liquidity and interacting with other chains through an interoperability layer, including alternative layer-1s, EVM layer-2s, and WASM chains.

Following this partnership NEAR Foundation becomes a core contributor to Polygon CDK.

Sandeep Nailwal, co-founder of Polygon Labs, mentioned, “The zkWASM prover maximizes developer customizability, providing projects with the option to choose from a variety of provers when building with CDK. This includes launching or migrating an EVM chain or constructing a WASM chain for closer alignment with Ethereum and gaining access to liquidity.”

The zkWASM prover will enhance the efficiency and cost-effectiveness of transactions on WASM chains, unlocking the potential of zero-knowledge technology for the future of Web3.

Also Read: NEAR Foundation and Alibaba Cloud Partner for Web3 Growth

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!      Google News
Google News Banner

Share This Article
Whatsapp Whatsapp LinkedIn Telegram Copy Link

Latest News

Crypto Market Live: LAB Token Collapses 85% to $2

Prediction Market Fight May Reach Supreme Court CFTC Chair Selig

Prediction Market Fight May Reach Supreme Court: CFTC Chair Selig

Anchorage Bets Big on AI Economy With New Banking Model

Anchorage Bets Big on AI Economy With New Banking Model

Tapnob Rolls Out Crypto-to-Naira Payment Platform in Nigeria

Tapnob Rolls Out Crypto-to-Naira Payment Platform in Nigeria

Clarity Act on Fast Track Senator Moreno Sets July 4 Deadline

Clarity Act on Fast Track? Senator Moreno Sets July 4 Deadline

Find Us on Socials

You may also like

a16z Unveils $2.2B Crypto Fund 5 to Back Blockchain Startups

a16z Unveils $2.2B Crypto Fund 5 to Back Blockchain Startups

Bullish Targets Tokenized Finance With $4.25B Equiniti Deal

Bullish Targets Tokenized Finance With $4.25B Equiniti Deal

Polygon Hides USDC, USDT Transfers Using Zero-Knowledge Tech

Polygon Hides USDC, USDT Transfers Using Zero-Knowledge Tech

Near-Zero Fees: Telegram Tightens Grip on TON Ecosystem

Near-Zero Fees: Telegram Tightens Grip on TON Ecosystem

The Crypto Times Logo PNG

Providing real-time, accurate Crypto reporting. Your trusted source for Crypto News and Research.

Stay Updated

All News
Exclusive
Opinions
Learn
Podcasts

Company

About Us
Our Authors
Editorial Policy
AI Policy
Advertorial Policy

Get In Touch

Contact Us
Career

Find Us on Socials

X-twitter Linkedin Telegram Youtube Instagram

© 2026 The Crypto Times | A BITROCK TECHNOLOGIES L.L.C. Company.

DMCA.com Protection Status
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Cookie policy
Do Not Sell or Share My Personal Information