Miden, a zero-knowledge blockchain protocol that has emerged from Polygon Labs, successfully raised $25 million in funding to support its growth and development as an independent project. The funding round was led by a16z crypto, along with other venture firms, and aims to prepare for the launch of Miden's mainnet, enhance early adopter incentives, and expand its team from 17 to 25 members. The Miden protocol will offer privacy-preserving transaction capabilities, setting it apart from competitors like Solana and Aptos. Founders believe that being independent from Polygon Labs will attract more investment and allow Miden to focus on building its technology, which includes a zero-knowledge rollup that enhances Ethereum's scalability. Furthermore, Miden plans an airdrop of its native token to stakeholders, integrating with Polygon's AggLayer for interconnected blockchain functionality. The protocol is currently in its final alpha testnet phase, with an official mainnet launch anticipated later this year.

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