Polygon acquires Mir in $400 million deal to scale Ethereum

December 11, 2021

Darko Simunovski

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Polygon matic (now rebranded as Polygon Zero) made a deal to buy Mir and integrates the fastest scaling technology in the world. This huge news will bring them to the next level, as best L2 scaling solution for Ethereum.

The deal was done through $100M and 190M $MATIC tokens, or roughly $400M based on the price at the time of the agreement (November 26th, 2021), but it was introduced today.

This will allow the Polygon to get to Mir’s ZK scaling modern technology, which was fully developed by Mir’s team and is the fastest in the World. It generates recursive proofs in 170 milliseconds and the solution involves compiling Solidity (Ethereum friendly) code to a new, zero-knowledge bytecode format.

polygon zero

The roadmap to Polygon zero is already out, and the Mir team has their hands on the project already. Mir will be incorporated into the Polygon ecosystem under its new name, Polygon Zero, alongside with the existing Polygon solutions including: Polygon PoS, Polygon SDK, Polygon Avail, Polygon Nightfall, Polygon Hermez, and Polygon Miden.

The goal for Polygon is to also build a strong scaling infrastructure that will deal with the scaling, privacy and speed issues with Ethereum, in order to give way better users experience. This amazing news will make the Polygon price to go up in the upcoming period, especially when other L2 solutions were on rolling. Polygon has market capitalization of $14,505,529,145.00 and Circulating Supply of 6,872,890,164.00 MAT along with price of $2.11 per coin.

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