Miden, a zk-powered blockchain project that recently spun out of Polygon Labs, has successfully raised $25 million in a seed funding round led by A16z Crypto. The round saw participation from various investors, including 1kx, Hack VC, and several angel investors such as Rune Christensen from MakerDAO. Miden aims to enhance institutional blockchain adoption by focusing on high scalability through a hybrid consensus model that executes transactions on edge devices rather than relying solely on a mainnet. This design is intended to alleviate traditional blockchain bottlenecks while ensuring confidentiality in both public and private transactions. Miden's mainnet is scheduled for launch in Q4 2025, with aspirations to rival blockchain platforms like Solana, Sui, and Aptos. The project plans to airdrop about 10% of its native tokens to Polygon token holders and stakers as part of its ecosystem reward strategy. Miden's co-founder emphasizes the need for privacy solutions in blockchain, especially as larger tech firms look for compliant options, positioning Miden as a potential catalyst for institutional adoption in the space.

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