{"id":15057,"date":"2021-12-10T10:54:08","date_gmt":"2021-12-10T09:54:08","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=15057"},"modified":"2021-12-10T10:54:17","modified_gmt":"2021-12-10T09:54:17","slug":"polygon-buys-start-up-firm-predictable-labs-for-500-million","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/polygon-buys-start-up-firm-predictable-labs-for-500-million\/","title":{"rendered":"Polygon buys start-up firm Predictable Labs for $500 Million"},"content":{"rendered":"\n
Polygon<\/a> in a new deal has acquired Predictable labs in a deal worth $500M, the decision according to the company is in a bid to create a wider adoption for Ethereum.<\/h5>\n\n\n\n
\"Polygon<\/figure><\/div>\n\n\n\n

Polygon, a crypto business, has recently made daring measures, in addition, to aggressively adopting the zk-technology\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>. Polygon recently announced the acquisition of Predictable Labs, a startup firm, for a whopping $500 million.<\/p>\n\n\n\n

The company's recent decision is part of a larger plan to increase the Ethereum network's capacity and pave the way for wider adoption.<\/p>\n\n\n\n

Although Ethereum continues to lead the industry in terms of network usability, its hefty gas charge has proven to be a barrier to entry for new entrants.<\/p>\n\n\n\n

About Predictable Labs<\/h2>\n\n\n\n

Predictable Labs<\/a> is the creator of the Mir blockchain protocol, which includes zero-knowledge roll-up technology that can offload data from Ethereum to speed up transaction processing and lower fees.<\/p>\n\n\n\n

The purchase is part of Polygon's $1 billion Ethereum push, and it will add to the Ethereum Layer-2 solution's key acquisitions. According to Bloomberg:<\/p>\n\n\n\n

Mir will be integrated into the Polygon ecosystem under its new name, Polygon Zero<\/a>, alongside existing solutions including Polygon PoS, Polygon Hermez and Polygon Miden.<\/p>

The acquisition should help Polygon become a bigger player in so-called Layer 2 technologies, also called rollups, which effectively take transactions from Ethereum, compress them and post them back to the original chain for a fraction of time and cost. Rivals such as Arbitrum, Loopspring, Optimism and StarkWare are leading the shift to Layer 2.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"

Polygon in a new deal has acquired Predictable labs in a deal worth $500M, the decision according to the company is in a bid to create a wider adoption for Ethereum. Polygon, a crypto business, has recently made daring measures, in addition, to aggressively adopting the zk-technology . Polygon recently announced the acquisition of Predictable […]<\/p>\n","protected":false},"author":12,"featured_media":15060,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[5555,5942,5682,5941],"class_list":["post-15057","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ethereum-3","tag-mir-blockchain","tag-polygon-2","tag-predictable-labs"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2021\/12\/image-98.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/15057","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=15057"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/15057\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/15060"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=15057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=15057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=15057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}