There’s new movement in the blockchain circle! Miden's Alpha Testnet v07 is now open, allowing users to experience it in advance! What's more significant is that this Layer 2 project has just secured $25 million in financing led by a16z, with institutions like Hack VC and 1kx co-investing, along with founders from MakerDAO and EigenLayer. Miden focuses on zero-knowledge proof (ZK) technology, addressing pain points in privacy and scalability, making it attractive to both capital and users. What opportunities does the testnet offer? What makes Miden strong? Let’s find out!
The testnet is live; what opportunities are there for early players?
Miden's Alpha Testnet v07 is now open! Users can visit the official website (miden.io) to install the wallet and receive test tokens via the faucet address faucet.testnet.miden.io, experiencing the charm of ZK technology in advance. The testnet phase often serves as a 'stepping stone' for airdrops, and early participation may yield rewards.
Developers can also join Miden's pioneer program to participate in ecosystem construction, with potential token incentives post-mainnet launch. Miden plans to launch its mainnet in Q4 2025, making this a great time to position yourself.
Why is a16z optimistic? Capital signals point towards a privacy trend.
Miden's $25 million financing lineup is impressive. Lead investor a16z has backed star projects like Coinbase and MakerDAO, showing keen insight. The co-investor Hack VC recently hit on hot projects like init and move, with founders from MakerDAO and EigenLayer also participating. The favor of capital indicates: privacy and scalability may be the next big trend, and Miden's technological direction hits the mark.
ZK technology + edge architecture, how hardcore is privacy protection?
Miden is incubated by Polygon Labs, focusing on ZK technology and 'edge blockchain' architecture. ZK technology allows users to hide sensitive information in scenarios such as DeFi transactions, making data more secure, especially suitable for high-privacy scenarios like identity verification and institutional financial transactions.
The 'edge blockchain' shifts transaction execution to the client side, where block producers only verify proofs, allowing for parallel processing of numerous transactions and breaking performance bottlenecks. Miden VM optimizes ZK proof efficiency, targeting compliance needs of financial institutions with significant market potential.
Hidden benefits from the Polygon collaboration: 10% token allocation
The collaboration between Miden and Polygon Labs is noteworthy. In the future, when Miden issues tokens, holders of Polygon tokens (MATIC) will share in 10% of the allocation. If you hold MATIC, it’s like having a 'hidden ticket.' This not only binds the Polygon ecosystem but also offers users a chance to participate, which is worth paying attention to.
Miden's ZK technology and capital backing give it a head start in the privacy sector, and it may excel in DeFi and identity verification in the future. Now is the time to experience the testnet, both to feel the technological strength and to prepare for future opportunities. Are you ready to keep up with Miden's rising trend?