A16Z Crypto led a $ 25 million investment in Miden, an independent blockchain project that appeared in polygon labs.
Miden closed $ 25 million seeds led by A16Z crypto, 1kx, and hack VC, with participation from partners in capital capital, symbolic capital, P2 ventures, Delta Fund, MH ventures, as well as from angel investors, including MakerDao’s RuNe Chrissen and Eigenlayer’s Right.
Miden is a Proof that zero-knowledge (ZK)-Powered Blockchain focused on high scalability by its hybrid consensus mode, which moves to implement the transaction from Mainnet to “side devices,” which defines users’ devices.
Designed for institutions worth confidentiality, Miden allows applications to carry out both public and private transactions with full privacy, according to an April 29 announcement distributed to cointelegraph.
Implementing side devices can help with “bottlenecks that limit traditional chains,” says Bobbin Threadbare, the co-founder in Miden and former engineer in the meta, adding:
“It allows blockchains that do not rely on supernodes or sacrifice decentralization, while doing privacy as a built-in feature rather than a thought.”
The $ 25 million will be used to fund Miden’s development, and the Mainnet launch will end for the fourth quarter of 2025.
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Miden is “the future of blockchains,” says the nailual of the Polygon Labs’
“Miden is what the blockchain’s future looks like. With the implementation of the edge on its core, it’s not just an upgrade – it’s the blueprint for the final form of blockchain architecture,” said Sandeep Nailwal, the founder of the Polygon Labs.
“In the ambitions of Solana, Sui, and Aptos rivalry – and become a Crosschain’s liquidity center for Agglayer as a native chain and helps grow the agglayer ecosystem – developing a free natural position in Miden to attract the capital and focus needed to compete at the highest level,” Nailwal added.
Miden plans to be able to explore around 10% of its native tokens in polygon (Pol) tokenholders and stakers to reward the native ecosystem.
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No Blockchain exists ready for mass adoption: Miden Co-Founder
“The fact is that there is no existing blockchain ready for the adoption of the mass,” either a lack of privacy, scalability, or web3-native principles such as resistance to censorship, according to the threadbare of Miden.
However, Miden’s infrastructure may be a “catalyst for large institutional adoption,” he claims, added:
“The truth is that up to this point, blockchains are out of position to offer privacy without compromising performance or programmability, which is a major issue.”
Large tech companies that join the space require privacy solutions with regulatory compliance, leaving a significant gap for solutions like Miden, the co-founder added.
Other industry observers have also criticized the lack of industry confidentiality for limiting institutional adoption.
Confidential computing technologies such as full homomorphic encryption may I -unlock the next $ 1 trillion The amount of capital for the crypto space with the ongoing technology development, Remi Gai, the founder of INCO, told the cointelegraph.
https://www.youtube.com/watch?v=HB0z1TI8uys
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