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Miden Protocol Secures $25M Investment to Pursue Independence from Polygon
Miden Protocol Secures $25M Investment to Pursue Independence from Polygon
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Miden Protocol, a privacy-focused blockchain solution designed for institutional scalability, has secured $25 million in seed funding to establish independence from the Polygon ecosystem. The investment round was led by prominent venture firms including a16z crypto, 1kx, and Hack VC, with participation from Finality Capital Partners, Symbolic Capital, and others.
The capital will fuel infrastructure development and ecosystem expansion, leveraging zero-knowledge technology to maintain its competitive edge in privacy and processing speed. This move signals growing investor confidence in specialized Layer 2 solutions as institutional demand for confidential blockchain transactions increases.
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