Miden, a groundbreaking blockchain project that has recently spun out from Polygon Labs, has announced a $25 million seed funding round led by a16z Crypto, 1kx, and HackVC, with participation from top-tier venture firms and prominent angels, including figures from MakerDAO and EigenLayer, is revolutionizing blockchain architecture with cutting-edge zero-knowledge (ZK) technology and edge computing.
This hybrid public/private transaction blockchain is designed to be scalable, private, and shifts state and execution to users’ edge devices for a fresh perspective on decentralization.
Aiming to eliminate network bottlenecks and ensure data privacy is deeply embedded in its design, Miden is deeply integrating with the open-source community.
“We’re not quite ready for mass adoption yet. Current chains are not built for it, and it’s a technological gap that we’re aiming to fill with Miden’s architecture,” said co-founder Bobbin Threadbare. “This is the future blueprint for blockchain scalability and security.”
Now in its final alpha testnet phase, Miden is actively engaging the developer community with its Pioneer Program, which provides early support and access to its robust toolset.
The fresh injection of funds will further accelerate protocol development, expand the ecosystem, and enhance developer resources to foster broad adoption.
Moreover, Miden has announced plans for a token airdrop to Polygon (POL) token holders and stakers, rewarding early adopters and ensuring a vibrant, interconnected community from day one.
With its mainnet launch on the horizon, Miden is positioning itself as a catalyst for institutional-grade blockchain solutions, aiming to bring unprecedented levels of privacy, scalability, and efficiency to digital finance.
As the project transitions from its Polygon Labs origins into an independent entity, Miden’s ambitious vision and strategic backing signal a transformative shift in blockchain technology, one that may set the standard for a new era of edge blockchains and decentralized systems.
