Miden raises $ 25 million to launch “Edge Blockchain” for private and developed applications

The Miden MADER project collected $ 25 million in seed financing.

Seed financing comes from investors including the A16z Crypto, 1KX and Hack VC, with support from characters such as Rune Christensen of Makerdao and Sreeram Kannan from EignLayer.

The tour comes at a time when Miden revolves from Breakout Polygon (POL).

Led by former Bobbin Threadbare, Dominik Schmid and Azem Khan, Miden builds a new type of Blockchain zero knowledge called “Blockchain”, according to one company Release.

The edge of the edge transmits most computing and storing data from central servers to users, such as phones or laptops. This approach helps operate the applications faster, survival, and its size more easily, without relying on one crowded Blockchain.

Secret and scrutiny

By implementing decentralization alongside the customer, Miden allows developers to build applications with special cases between the public and private sectors and the complex logic, while maintaining confidentiality and scrutiny.

It plans to integrate with Agglayer from Polygon and follow the footsteps of other collapse programs by distributing about 10 % of the original distinctive symbol on Pol Stakers.

Miden is currently in Alpha’s final stage, with two developers on board via the Pioneer program. According to 1kx’s Wei Dai, the project solves three critical problems in Blockchain: retail, scaling, and privacy.

Fund will support the protocol, the growth of the ecosystem, and developer tools. Mainnet is expected to later later this year.