The NEAR Foundation, a non-profit Swiss organization, has announced that it is working with Polygon Labs to develop zkWASM, a zero-knowledge (ZK) prover for WebAssembly (WASM) blockchains. During NEARCON, the organization’s yearly meeting in Lisbon, this partnership was announced.
The goal of this collaboration is to improve Web3, or the decentralized internet, in terms of security and compatibility. The NEAR Protocol will become further integrated with Ethereum using the zkWASM prover, allowing WASM chains to leverage Ethereum’s resources.
Furthermore, through an interoperability layer, it will enable chains to share liquidity and communicate with one another, including alternate layer-1s, EVM layer-2s, and WASM chains.
Co-founder of Polygon Labs Sandeep Nailwal stated, “ZkWASM prover maximizes developer customizability, giving projects choice among multiple provers when building with CDK.” To become more closely aligned with Ethereum and acquire access to liquidity, this involves starting or transferring an EVM chain or building a WASM chain.
The zero-knowledge technology’s potential for the Web 3 will be unlocked by the zkWASM prover, which will improve the effectiveness and affordability of transactions on WASM chains.