Polygon Co-Founder split di zkEVM Team to launch Independent Zero-Knowledge Project Zisk
Polygon co-founder Jordi Baylina dem Polygon zkEVM team don move go independent company wey dem name Zisk, as Polygon Foundation don plan to stop their low-utilization zkEVM network. Zisk go focus on to develop open-source, low-latency zero-knowledge virtual machine (zkVM) proving technology, wey dey make blockchain transaction validation beta and still protect user privacy. Dem start Zisk inside Polygon Labs for May 2024, then dem spin am out on June 13, 2024. Zisk don get all intellectual property and core people from Polygon zkEVM project, wey now belong to Baylina’s SilentSig Switzerland GmbH. Baylina still be co-founder and adviser for Ethereum scaling solutions. Dis move fit affect Ethereum scaling, Polygon product strategy, and beta adoption of zero-knowledge proof technology.
Neutral
Di spin-off wey make Polygon’s zkEVM team waka go become independent Zisk project na strategy shift e be, no be market-move wey e do. Even though dem stop di underused zkEVM network fit reduce short-term activity for Polygon, di focus on open-source, low-latency zkVM technology fit make person dey innovate future zero-knowledge solutions and Ethereum scaling. Historically, dis kain reorg dey show say dem serious about technology development but e no dey get immediate market impact until person see new products or partnership. So di news best fit be neutral when e reach trading decisions.