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Miden, a zero-knowledge blockchain protocol spun out of Polygon Labs, has secured $25 million in funding led by a16z crypto, 1kx, and Hack VC. The funds will accelerate its mainnet launch and ecosystem growth, positioning it as a competitor to Solana and Aptos with privacy-focused transactions.
- Miden's $25M funding round was led by a16z crypto, 1kx, and Hack VC, with participation from MakerDAO's Rune Christensen and Aptos' Avery Ching.
- The protocol uses zero-knowledge rollups to enhance scalability and privacy, targeting institutional DeFi adoption.
- Miden plans a future airdrop, distributing 10% of its native token supply to stakers and POL token holders.
📎 Related coverage from: decrypt.co
Other Tags: Rune Christensen, Sandeep Nailwal, Sebastian Sinclair, Sreeram Kannan, 1kx, a16z Crypto, DeFi, EigenLayer, Hack VC, MakerDAO, Polygon Labs