#Miden raises $25 million, separates from Polygon and launches its own blockchain

🔥Miden (formerly Polygon Miden) has completed a $25 million seed funding round, led by a16z crypto, 1kx, and Hack VC. Other notable investors include Finality Capital, Symbolic Capital, P2 Ventures, and founders from MakerDAO, Aptos, and EigenLayer.​

🔥The project officially separated from Polygon Labs as of March 31, becoming the third independent entity after Avail and Privado ID. The reason is that Polygon is focusing on the AggLayer program and transitioning to a project incubation model.​

🔥Miden will develop a new blockchain called Edge, utilizing zk-Rollups technology, focusing on data processing on client-side devices rather than relying on traditional nodes. This aims to serve large financial organizations with privacy needs while still complying with regulations.​

🟢The project is expected to launch its mainnet in Q4/2025, accompanied by the release of its own token. About 10% of the token supply will be airdropped to those staking and holding POL, as a way to thank the community that has supported Miden from the early days.