.webp)
.png "Miden Raises $25M for Privacy-Focused ZK Blockchain")
April 29, 2025 – Miden, a cutting-edge zero-knowledge (ZK) blockchain protocol, today announced it has raised $25 million in a seed funding round led by Andreessen Horowitz (a16z crypto), 1kx, and Hack VC. This funding round also saw participation from Finality Capital Partners, Symbolic Capital, Delta Blockchain Fund, MH Ventures, P2 Ventures, and prominent angel investors including MakerDAO co-founder Rune Christensen, Aptos CEO Avery Ching, and EigenLayer founder Sreeram Kannan.
Formerly known as Polygon Miden, the project has spun out from Polygon Labs to operate as an independent entity. This strategic move allows Miden to focus exclusively on its mission of building a high-performance, privacy-centric blockchain. The funding will support the launch of Miden's mainnet, incentivize early adopters, and expand the development team.
Miden is an "edge-first" blockchain, meaning it pushes execution and state management to the client side. This innovative approach offers several key advantages:
- Scalability: Client-side proving eliminates the need for re-execution, enabling significantly higher transaction throughput.
- Privacy: Users maintain full control over their data and transaction details, ensuring privacy by default.
- Security: Built with Rust and featuring native asset storage, Miden minimizes attack surface and promotes safer smart contract development.
"With ambitions to rival Solana, Sui, and Aptos… building independently [from Polygon Labs] naturally positions Miden to attract the capital and focus needed to compete at the highest level,” said Polygon Labs founder Sandeep Nailwal.
Miden's focus on privacy is particularly relevant as institutional interest in decentralized finance (DeFi) grows, with increasing demand for secure and confidential transactions. The protocol is currently in its final alpha testnet phase and is expected to launch its mainnet later this year. The mainnet will integrate with Polygon's AggLayer, a network connecting Layer-1 and Layer-2 chains with shared liquidity.
A future airdrop is planned, allocating 10% of the native token supply to stakers within the Miden ecosystem and holders of POL, the gas and staking token of Polygon's main proof-of-stake chain. This airdrop further strengthens the ties between the two projects and rewards early supporters.
About Miden:
Miden is an edge-first blockchain that empowers applications with scalable, private, and secure transactions. By moving execution and state management to the client side, Miden overcomes the traditional limitations of scalability, privacy, and security in blockchains. Users can execute and prove their own transactions through client-side proving, ensuring full control over their data and minimizing trust assumptions. Built with Rust and utilizing native asset storage, Miden fosters safer smart contract development while delivering high performance and privacy. It is the way blockchains were always meant to work — scalable, private, and secure. Learn more at https://miden.xyz/.
Compiled by CMO Intern team
Contact CMO Intern:
Follow and connect with us on:👉 LinkedIn | Facebook | Twitter (X) | Substack |
