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NEAR Foundation and Polygon CDK Join Forces to Supercharge Ethereum ZK Rollups (crypto-news-flash)

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  • According to the latest reports by Near Foundation and Polygon, Near DA would now be available for Polygon CDK. 
  • It is reported that the collaboration would enable developers to reduce costs while enhancing their roll-up reliability. 

NEAR Foundation has announced a strategic partnership with Polygon to ensures that its efficient and highly scalable Data Availability becomes available for Polygon CDK. It is important to note that the NEAR Data Availability layer (NEAR DA) was designed to ensure that Ethereum builders lower costs while simplifying their network. On top of that, they can scale like the NEAR Protocol.

The Polygon CDK is an L2 stack designed into a simple-to-build product and scaling solution for Ethereum. It also enables the transition from existing L1 chains into Ethereum L2s. Polygon CDK makes use of zero-knowledge proofs to enhance scalability by condensing transactions. It unifies liquidity and brings the Data Availability Committee (DAC) to chains built using it. 

Using their configuration, developers can build custom L2 chains. Builders can also take advantage of EVM compatibility and trustless security in addition to customizable features. 

The partnership also enables rollup builders on Polygon CDK to use NEAR DA as an out-of-the-box modular DA solution. 

Illia Polosukhin, Co-Founder of NEAR Protocol announced his excitement to welcome this collaboration. 

We’re excited to make NEAR DA available to Polygon CDK rollup builders and share the benefits of cost-effective, lightning-fast data availability that scales with NEAR’s sharding for the modular Ethereum ecosystem. This is another exciting collaboration between NEAR Foundation and Polygon Labs to drive Chain Abstraction and create better experiences for developers and users.

More on the NEAR DA and Polygon CDK Collaboration

With NEAR DA, developers would be able to reduce costs while enhancing their roll-up reliability. On top of that, they can maintain the security guaranteed by Ethereum. According to the official report from Near, high-quality projects that want to launch an app chain or L2 can access the get out-of-the-box NEAR DA support and compatibility. 

The partnership has had little impact on the price of NEAR as it declined by 3% in the last 24 hours to trade at $2.94. With a bearish market sentiment score of 30/100, the asset has fallen by 13% in the last seven days. Interestingly, analysts expect the asset to rise as high as $8.22 this year. 

Similarly, Polygon (MATIC) was down by 3% in the last 24 hours, trading at $0.771327 as of press time. The asset has also declined by 11% in the last seven days while having a neutral score of 48/100. According to analysts, MATIC can turn things around to trade at $2.16 this year. 

With the NEAR-Polygon CDK integration, developers can be part of the Polygon ecosystem by building their rollups. It is important to note that the ecosystem comprises blockchains including “Polygon PoS, Polygon zkEVM, and Polygon CDK-enabled blockchains.”

This integration also builds upon the NEAR-Polygon research collaboration to build zkWASM, a new type of prover for WASM blockchains. In the future, builders could even create zkWASM chains built on NEAR DA. Together, NEAR DA and zkWASM technology will play significant roles in scaling EVM and Wasm ecosystems in parallel while maximizing interoperability for a multi-chain future. 

 

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