A16z Crypto led a significant funding round for Miden, an independent blockchain project spun off from Polygon Labs. The $25 million seed investment round attracted participation from renowned investors like 1kx, Hack VC, and Finality Capital Partners, among others, including notable figures like Rune Christensen (MakerDAO) and Sreeram Kannan (EigenLayer). This funding will support Miden’s development and its anticipated mainnet launch in the fourth quarter of 2025. Miden employs a zero-knowledge proof system to deliver high scalability through a hybrid consensus mode, shifting transaction execution from central servers to users’ devices. This unique approach enables confidential transactions for both public and private operations.