Miden Raises $25M for Privacy-Focused ZK-Rollup L2 Blockchain, Spun Out From Polygon Labs

Miden, a privacy-focused blockchain project, has successfully completed a $25 million seed funding round. The round was led by a16z, Hack VC, and 1kx, with participation from other investors including Finality Capital Partners and Symbolic Capital. Originally incubated by Polygon Labs, Miden has now spun out to operate independently as a ZK-rollup L2 blockchain on Ethereum. The project, led by a 17-person team, aims to enhance transaction privacy through zero-knowledge proofs while maintaining blockchain performance and decentralization. Notable angel investors include Rune Christensen, Avery Ching, and Sreeram Kannan. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant