A16z Crypto has led a $25 million investment round into Miden, an independent blockchain project that originated from Polygon Labs. Miden recently closed its $25 million seed funding round with a16z Crypto, 1kx, and Hack VC as the main investors, along with other notable participants. The project focuses on high scalability using zero-knowledge (ZK) proof technology and a hybrid consensus model. Miden aims to provide privacy for both public and private transactions by executing them on users' devices. The funding will support Miden's development, with plans for its mainnet launch in 2025. The project aims to compete with established blockchains like Solana and attract institutional adoption by offering privacy solutions. Miden also plans to airdrop tokens to Polygon tokenholders. Industry experts believe that technologies like Miden's could unlock significant capital for the crypto space and drive institutional adoption. Read more AI-generated news on: https://app.chaingpt.org/news

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