Fox and Ronin Ecosystem Enters Strategic Partnership with Polygon

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As a researcher with a background in blockchain technology and a passion for exploring new developments in the space, I’m excited about Polygon’s recent strategic collaborations with Fox Corporation and Ronin Network. These partnerships hold significant promise for advancing scalability and security within the blockchain gaming and media content verification ecosystems.

As a researcher studying the latest developments in the blockchain industry, I’m excited to share that Polygon, a prominent Layer 2 scaling solution, has recently unveiled two significant strategic collaborations. These partnerships, one with Fox Corporation and the other with Ronin Network, are centered around exploring groundbreaking blockchain innovations together.

These significant collaborations aim to investigate the application of Polygon’s zero-knowledge (ZK) tech for improving scalability and security within the blockchain gaming and media content verification sectors.

Ronin and Fox Corporation to Leverage Polygon CDK

Ronin, the blockchain responsible for powering the Play-to-Earn (P2E) game Axie Infinity, announced its intention to utilize the Polygon Chain Development Kit (CDK) for implementation.

The pioneering Layer 1 network in Web3.0 gaming is developing a feature that allows for the permissioned generation of Layer 2 solutions within its ecosystem. They announced that developers on the Ronin blockchain will soon be granted the ability to create their own zk Ethereum Virtual Machines (zkEVMs) Layer 2 chains with Polygon CDK as a tool.

As a crypto investor and co-founder of Axie Infinity named Jeff ‘Jihoz’ Zirlin, I view this collaboration as pivotal for several reasons. Firstly, I anticipate substantial scalability enhancements that will result from it. Secondly, the opportunity to create more games within the permissionless deployment is an exciting prospect. In my opinion, it is essential for Ronin to strengthen its connection with Ethereum, particularly through the AggLayer.

Over an extended period, this action is expected to foster deeper connections between the Ronin bridge and other elements, surpassing its present limits.

As an analyst at Fox Corporation, I’m excited to share that we have introduced our L2 chain utilizing Polygon CDK. In collaboration with Gelato, the rollup-as-a-service platform, we are in the process of upgrading the beta version of Verify to a standalone Zero-Knowledge (ZK) blockchain.

As a crypto investor in Verify, I’m excited about the upcoming transition into a dedicated blockchain, enhanced by Polygon ZK technology integration. This shift aims to bolster Verify’s functionality and enable it to transparently authenticate registered articles, images, and other media files on its system. Fox Corporation is confident that this move will encourage greater adoption on our platform.

One advantage of this integration is that it reduces resource contention in Polygon’s PoS system, allowing for more registrations of content on the blockchain.

ZK Technology Goes Viral Amongst Builders

As a crypto investor, I’ve noticed an increasing trend toward the use of Zero- Knowledge (ZK) models among Web3.0 developers and organizations. These models offer significant benefits in terms of privacy and security, making them an attractive option for building decentralized applications. By utilizing ZK technology, we can ensure that sensitive data is hidden from view while still allowing verified transactions to take place on the blockchain. This is a game-changer in the world of cryptocurrencies and I believe it will continue to gain momentum as more projects adopt this innovative approach.

Expert: RISC Zero, a pioneering platform for general computing using zk-STARKs technology, unveiled its latest innovation: zkVM 1.0. This groundbreaking tool is designed to support the creation of Decentralized Finance (DeFi) applications on various blockchains. What sets it apart from earlier protocols is its reliance on Zero-Knowledge (ZK) proofs for ensuring verifiability and security.

The ZK solution stands out for its affordability, while the RISC team emphasizes its superior performance metrics.

Kadena, a scalable Proof of Work blockchain, recently revealed a collaboration with Lurk Lab to develop a Zero-Knowledge (ZK) technology infrastructure on the Kadena platform. The ultimate objective of this project is to facilitate secure cross-chain communication with proven security.

Several constructors hold the view that Zero- Knowledge (ZK) cryptography is essential for creating a swift, dependable, and harmonious network of blockchains. The actions they take to combine and cooperate underscore their dedication to unlocking the full potential of the ZK ecosystem.

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2024-06-19 13:01