Polyhedra Network announced the launch of the zkBridge Migration service, which can migrate DApp data from one chain to another and provide comprehensive trustless historical proof.zkBridge Migration supports secure migration from zksync to other ecosystems (including BNB Chain, Polygon, Linea, Starknet, Scroll, etc.), and also provides developer grants and ecosystem support.It stated that Web3 has no space for totalitarianism, bullying, and insider trading.<br>

Polyhedra Network announced the launch of a new open source repository on the X platform, which contains advanced and basic knowledge about zero-knowledge proofs (ZKP), updated weekly.

Polyhedra Network has responded to a series of commitments previously made by Matter Labs regarding the ZK trademark on the X platform as follows:

Polyhedra Network announced on its new platform that ZK collateralization is about to be launched. By using our voting custody ZK (veZK) collateralization mechanism, we are prepared to participate in Polyhedra Network in a more powerful way.

Polyhedra Network has reached a cooperation agreement with Google Cloud. This cooperation utilizes Polyhedra's cutting-edge research and proprietary algorithms, and developers worldwide can access these algorithms through the ZK-as-a-service supported by Google Cloud. Polyhedra's customized algorithms are carefully optimized to efficiently execute specific proofs on a large scale. The algorithm seamlessly integrates with Google Cloud's highly optimized infrastructure, ensuring that developers using ZK proofs get unparalleled performance and reliability.

Polyhedra Network announced a partnership with Renzo to provide $1.8 billion in cryptographic economic security for its Bitcoin interoperability protocol by integrating Renzo's liquidity re-pledge token (LRT) and ZK token's dual pledge mechanism. This will achieve trust-minimized Bitcoin interoperability. In the future, ZK token (Polyhedra Network's native token) pledgers will receive profits from cross-chain messages in the Bitcoin ecosystem.

Polyhedra Network completed a strategic financing of $20 million with a valuation of $1 billion, led by Polychain Capital and participated by Animoca Brands, Hashkey Capital, Longhash Ventures, Emirates Consortium, Mapleblock Capital, etc. This round of financing, like the previous four rounds, was conducted through a simple agreement for future tokens or SAFT. The round of financing ended last month, and the total amount of Polyhedra's financing has reached $75 million. This round of financing will be used to recruit cross-functional departments such as product, engineering, business development, and marketing, expanding the current team of about 50 people to about 80 people.

According to an official announcement, Binance Web3 wallet will airdrop 1 million Polyhedra network tokens to users. During the event, users who complete the corresponding tasks using Binance Web3 wallet will be eligible to share the corresponding prize pool. Each eligible participant can receive up to 100 Polyhedra network tokens as a reward for each task. Users who complete all tasks can receive up to 200 Polyhedra network tokens.

ZK interoperability infrastructure Polyhedra Network partnered with Ethereum's re-staking protocol EigenLayer to build a cross-chain protocol from Ethereum to Bitcoin network. It uses zero-knowledge proof technology and introduces a dual-staking mechanism, and ensures network security through a penalty mechanism to bridge Ethereum with Bitcoin network. zkBridge uses EigenLayer's decentralization and economic trust on Ethereum to bring secure interoperability to Bitcoin. Previously, zkBridge stated that it is working with multiple development teams, including various infrastructure, Bitcoin Layer 2 network, wallets, DeFi protocols, and tools applied to the Bitcoin ecosystem.

Bitcoin, the very first blockchain, is evolving continuously, and its ecosystem is currently experiencing rapid expansion since the emergence of the Ordinals protocol. To foster further growth of a robust Bitcoin ecosystem, there is a pressing need for a solution that not only enables seamless interactions within Bitcoin and its Layer-2 networks but also facilitates interoperability between the Bitcoin ecosystem and other blockchain ecosystems like Ethereum and Ethereum Layer-2s.