The blockchain project Miden has secured $25 million in funding to develop a privacy-centric ZK-rollup blockchain, leveraging the expertise of former Meta engineer Bobbin Threadbare. This investment signifies growing interest in zero-knowledge technology and its potential to enhance Ethereum’s scalability and privacy. The funding will support the development of this new L2 blockchain network, culminating in a mainnet launch anticipated for late 2025. Notable investors include a16z Crypto, Rune Christensen, and other Web3 influencers. This investment from a prominent group of institutions reflects growing confidence in Miden’s vision. Miden aims to provide enhanced privacy and scalability solutions for blockchain networks, inspired by its origins at Polygon Labs. Similar funding rounds for projects like StarkWare have demonstrated significant growth after mainnet launches, providing a roadmap for the success of this project. The anticipated impact on the industry suggests increased developer interest and network activity following Miden’s launch.