After a successful incubation period, we’re thrilled to announce Miden has spun out of Polygon Labs with a $25M seed, led by @a16zcrypto, @1kxnetwork, and @hack_vc.
Miden will continue building their ZK-powered “edge” blockchain, where both state and execution happen on the client-side, unlocking previously-impossible design space for builders. The team has indicated a plan to airdrop a portion of their native tokens to POL stakers, as well as integrate @Agglayer.
The Agglayer Breakout Program. • incubating high-value chains • increasing network effects on @Agglayer • supporting the future utility of POL • returning value to POL stakers 🪂 https://go.polygon.technology/4jneczs
Introducing the Agglayer Breakout Program–built to incubate aggregated chains, bootstrapping network effects on Agglayer while driving value to POL stakers via airdrops 🪂
The first cohort: • @PrivadoID • @0xPolygonMiden • [redacted]
POL accrues value as a utility token for Agglayer and Polygon, while stakers earn from doing the work: • earning through core features and crosschain activity on Agglayer • earning by providing network security and validating txns on Polygon