Ethereum scaling project Polygon, formerly Matic Network, to acquire Hermez Network, developer of ZK-Rollups-based Ethereum scaling tech, in a deal worth $250M (Yogita Khatri/The Block)

Yogita Khatri / The Block:
Ethereum scaling project Polygon, formerly Matic Network, to acquire Hermez Network, developer of ZK-Rollups-based Ethereum scaling tech, in a deal worth $250M  —  Quick Take  — Ethereum scaling project Polygon has acquired Hermez Network for $250 million.  — The two projects are also merging their native tokens.