A16Z leads $ 25 million to the Miden Blockchain project

The A16z Crypto has led a $ 25 million investment round to Miden, an independent Blockchain project that comes out of the polygon laboratories.

Miden closed the $ 25 million seed tour led by A16z Crypto, 1KX, Hack VC, with the participation of Finality Capital Partners, Symomic Capital, P2 Ventures, Delta Fund and MH Ventures, as well as from Angel investors, including Makerdao’s run christensen and eignlayer’s Sreeram Kannan.

The middle is a Zero knowledge (ZK) proof-The strong Blockchain focused on high expansion by the hybrid consensus, which transmits the implementation of Mainnet transactions on “edge devices”, referring to users.

Miden is designed for institutions that estimate the value of confidentiality, enabling applications to implement both public and private transactions with full privacy, according to the announcement of April 29, joint with CointeleGRAPH.

“Implementation on the edge devices can help in” bottlenecks that limit traditional chains, “said Bobbin Threadbare, adding:” Implementation on the edge devices can help in “bottlenecks that limit traditional chains,” adding:

“It allows the expansion of expansion without relying on superior or subcutaneous sacrifice, while making privacy a built -in advantage rather than a later idea.”

The $ 25 million will be used to finance Miden’s development, and is scheduled to be launched for the fourth quarter of 2025.

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Miden says “Blockchains”.

“Miden is what the Blockchains future looks like. With the edge implementation in its essence, it is not just an upgrade – it is a plan for the final form of the structure of Blockchain,” according to Sandeb Nilwal, founder of Polygon Labs.

“With the aspirations of the Solana, SUI and Aptos competition – and that the Crosschain Center for Agglayer is an original series and helps the development of the Aglayer ecosystem – in a natural position in the middle of the middle to attract the capital and focus necessary to compete at the highest level,” added Nailwal.

MIDEN plans to migrate about 10 % of its original symbols to the polygon (peeCode of features features and scouts to reward its original ecosystem.

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There is no Blockchain is ready for group adoption: a co -founder in the middle

“The truth is that there is no Blockchain that is ready for collective adoption,” either lacks privacy, expansion, or local principles on the web 3, such as resistance to control, according to Miden.

However, Miden’s infrastructure may be a “incentive for great institutional adoption”, adding:

“The truth is that even this point, Blockchains was not in a position that allows it to provide privacy without compromising performance or programming, which is a major problem.”

The co -founder added that the large technology companies that join the space require privacy solutions with organizational compliance, leaving a big gap for solutions like Miden.

Other industry monitors also criticized the industry’s lack of confidentiality to reduce institutional adoption.

Secret computing techniques such as completely homogeneous encryption Open the next 1 trillion dollars Remy Jay, founder of INCO, told Cointelegraph.

https://www.youtube.com/watch?

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