gm, readers.

At Automata we work on protecting privacy and fairness. And in this newsletter, we find more reasons to talk about it. Explore headlines and catch up on the biggest crypto news in Web3 privacy.

Zooming into ZK:

• Polygon launches open-source ZK proving system 'Plonky3'

• Pixelverse integrates Pudgy Penguins character into Telegram mini-game

• Zcash community approves 20% block reward allocation for decentralized grants

We dive into the details, so you don’t have to:

Polygon Labs has released its latest zero-knowledge proving system, "Plonky3," as an open-source toolkit under the MIT and Apache licenses. This new system aims to be more flexible than its predecessor, Plonky2, which was introduced in 2022. Plonky3 is designed to allow ZK developers to build their own virtual machines based on zero-knowledge cryptography, addressing performance and generality issues present in the previous version. The proving system plays a crucial role in zero-knowledge rollups by summarizing off-chain transactions and feeding the data back to Ethereum.

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This newsletter is for informational purposes only. It is not intended to be a substitute for professional financial advice or interpreted as investment advice. Cryptocurrencies are volatile assets and you should always do your own research before making any informed decisions when investing or trading.