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Miden, a zero-knowledge (ZK) proof-powered blockchain spun out of Polygon Labs, has secured $25 million in seed funding led by a16z Crypto. The project aims to enhance scalability through edge execution and support institutional blockchain adoption with built-in privacy features.
- Miden’s $25M seed round was led by a16z Crypto, with backing from MakerDAO’s Rune Christensen and EigenLayer’s Sreeram Kannan.
- The blockchain uses edge execution to enhance scalability and privacy, targeting institutional adoption.
- Miden plans an airdrop for Polygon (POL) holders and aims for a mainnet launch in late 2025.
📎 Related coverage from: cointelegraph.com
Other Tags: Rune Christensen, Sandeep Nailwal, Sreeram Kannan, 1kx, a16z, a16z Crypto, EigenLayer, Hack VC, MakerDAO, Meta, Polygon Labs