With edge execution at its core, it’s not just an upgrade — it’s the blueprint for the final form of blockchain architecture,” according to Sandeep Nailwal, the founder of Polygon Labs.“With ambitions to rival Solana, Sui, and Aptos — and to be the epicenter of crosschain liquidity for Agglayer as a native chain and help grow the Agglayer ecosystem— building independently naturally positions Miden to attract the capital and focus needed to compete at the highest level,” Nailwal added.
Execution on edge devices can help with the “bottlenecks that limit traditional chains,” said Bobbin Threadbare, the co-founder at Miden and former engineer at Meta, adding:“It allows blockchains to scale without relying on supernodes or sacrificing decentralization, while making privacy a built-in feature instead of an afterthought.”The $25 million will be used to fund Miden’s development, and its mainnet launch is slated for the fourth quarter of 2025.
However, Miden’s infrastructure may be a “catalyst for large institutional adoption,” he claimed, adding:“The reality is that up until this point, blockchains have not been in the position to offer privacy without compromising on performance or programmability, which is a major issue.”Large tech firms joining the space require privacy solutions with regulatory compliance, leaving a significant gap for solutions like Miden, added the co-founder.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Zoltan Vardai
The story "A16z leads $25M funding for Miden blockchain project" has 455 words across 13 sentences, which will take approximately 2 - 4 minutes for the average person to read.
Which news outlet covered this story?
The story "A16z leads $25M funding for Miden blockchain project" was covered 17 hours ago by Coin Telegraph, a news publisher based in United States.
How trustworthy is 'Coin Telegraph' news outlet?
Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.
The outlet is headquartered in United States and publishes an average of 32 news stories per day.
It's most recent story was published 7 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
