Crypto Currency Tracker logo Crypto Currency Tracker logo
The Defiant 2025-04-29 14:05:11

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

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.